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Lawsuit Against Generic Drug Manufacturers Alleges Conspiracy to Fix Prices for Over 100 Drugs
Office of Connecticut Attorney General William Tong
May 14, 2019 "[Connecticut] Attorney General William Tong led a 44-state coalition in announcing a lawsuit against Teva Pharmaceuticals and 19 of the nation's largest generic drug manufacturers alleging a broad conspiracy to artificially inflate and manipulate prices, reduce competition and unreasonably restrain trade for more than 100 different generic drugs.... The drugs at issue account for billions of dollars of sales in the United States, and the alleged schemes increased prices affecting the health insurance market, taxpayer-funded healthcare programs like Medicare and Medicaid, and individuals who must pay artificially-inflated prices for their prescriptions drugs." [Connecticut v. Teva, No. 19-710 (D. Conn. complaint filed May 10, 2019)] MORE >> |
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