Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of ...
Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition and drive up generic drug prices.
The lawsuit accused Novartis' Sandoz unit, Teva Pharmaceuticals' Actavis unit, Mylan, Pfizer Inc and other drugmakers of conspiring to rig the market between 2009 and 2016 for more than 80 drugs.Attorneys general from 46 states, the District of Columbia and four U.S. territories said the defendants prioritized profit over the public interest, depriving millions of consumers of lower prices for needed medication.
Novartis spokesman Eric Althoff said the instances of misconduct related to its US$195 million settlement with the U.S. Department of Justice in March"do not support the vast, systemic conspiracy the states allege."AdvertisementPfizer spokeswoman Sally Beatty said the drugmaker did not believe it engaged in unlawful conduct. Mylan spokeswoman Lauren Kashtan said her company had found no evidence of price fixing. Teva did not immediately respond to requests for comment.
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