Mylan Wraps Up $465 Million U.S. Accord Over EpiPen Rebates

By David McLaughlin and Jared S. Hopkins, Bloomberg News

Mylan NV and the U.S. Justice Department finalized a $465 million settlement to resolve claims that the drugmaker defrauded taxpayers by misclassifying its allergy-shot EpiPen product as a generic drug.

The settlement, announced by the Justice Department Thursday, resolves claims that Mylan was able to improperly avoid paying rebates owed to the government by classifying EpiPen as generic even though the company marketed it as a brand-name medicine. The drugmaker disclosed an agreement last year but government officials wouldn’t confirm it until now.

U.S. lawmakers have said the settlement wasn’t tough ...