New York And 43 Other States Sue 20 Generic Drug Manufacturers Alleging Conspiracy To Fix Prices And Allocate Markets For More Than 100 Generic Drugs

Posted to Applied Web NY on Mon, 05/13/2019 - 11:27

Second Lawsuit Filed In Ongoing, Expanding Investigation 

NEW YORK – Attorney General Letitia James joined 43 states led by Connecticut Attorney General William Tong 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.  The States allege that the Defendants’ conduct artificially increased prices to health insurers, taxpayer-funded healthcare programs like Medicare and Medicaid, and individuals who paid and continue to pay inflated prices for their prescription drugs.  

Bulletin assigned to:

Sections
Channels