Lawsuits allege price fixing by generic drug makers

No abstract available. Article truncated at 150 words. Two years after high generic drug prices became a public controversy, Reuters is reporting that 20 states filed a lawsuit Thursday against Mylan, Teva Pharmaceuticals and four other generic drug makers (1). The suit alleges the companies conspir...

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Bibliographic Details
Main Author: Robbins RA
Format: Article
Language:English
Published: Arizona Thoracic Society 2016-12-01
Series:Southwest Journal of Pulmonary and Critical Care
Subjects:
Online Access:http://www.swjpcc.com/news/2016/12/17/lawsuits-allege-price-fixing-by-generic-drug-makers.html
Description
Summary:No abstract available. Article truncated at 150 words. Two years after high generic drug prices became a public controversy, Reuters is reporting that 20 states filed a lawsuit Thursday against Mylan, Teva Pharmaceuticals and four other generic drug makers (1). The suit alleges the companies conspired to fix prices or allocated markets to prop up prices. The civil lawsuit, led by antitrust investigators in Connecticut, comes one day after the U.S. Department of Justice filed criminal charges against two former executives of the generic drug maker, Heritage. The states attorneys general asked the court to order the companies to disgorge ill-gotten gains, which were not defined, pay attorneys' fees and stop collusion. Of the states in the Southwest only Nevada is participating in the lawsuit. The cases are part of a broader generic drug pricing probe that remains under way at the state and federal level, as well as in the U.S. Congress. In 2014, media reports of …
ISSN:2160-6773