Becton, Dickinson and Co. will pay $100 million to Retractable Technologies Inc., Little Elm, Texas, to settle an antitrust lawsuit brought by RTI, and the suit will be dismissed, BD announced. The lawsuit, filed in 2001 in U.S. District Court in Texarkana, Texas, accused BD of using its industry position to restrict RTI from entering the market for safety syringes. RTI also named Tyco Healthcare Group, hospital alliances Premier and VHA, and VHA's group purchasing arm, Novation; all but BD settled in 2003. At deadline, RTI officials had not returned a phone call. In a news release, Edward Ludwig, BD's chairman, president and chief executive officer, said the settlement will allow the company to concentrate on product development. -- by Tony Fong
BD, syringe maker settle 3-year-old antitrust suit
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.
Recommended for You