MSP Recovery Reaches $3.1 Million Pharmaceutical Antitrust Settlement

MT Newswires Live

2024/08/19

MSP Recovery (LIFW), which does business as LifeWallet, said Monday it has reached a pharmaceutical antitrust settlement of $3.1 million.

The company claimed that a manufacturer had increased the price of a drug in violation of antitrust laws. The settlement amount is expected to be collected in Q3, it said.

MSP Recovery shares rose more than 10% in premarket hours Monday.

Price: 0.2661, Change: +0.02, Percent Change: +10.64

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