05.13.19

States Bring Price Fixing Suit Against Generic Drug Makers

Source: ABC News

Attorneys general from more than 40 states are alleging the nation’s largest generic drug manufacturers conspired to artificially inflate and manipulate prices for more than 100 different generic drugs, including treatments for diabetes, cancer, arthritis, and other medical conditions, according to an ABC news report.

The lawsuit, filed in federal court in Connecticut on Friday, also names 15 individual senior executives responsible for sales, marketing and pricing.

Connecticut Attorney General William Tong, a Democrat, said investigators obtained evidence implicating 20 firms.

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