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Monday, May 13, 2019

Attorney General Frosh Announces Multistate Antitrust Lawsuit Against TEVA Pharmaceuticals, 19 other Generic Drug Manufacturers, 15 Individuals in Generic Drug Price-Fixing Conspiracy

Latest Action Marks Second Lawsuit Filed in Ongoing, Expanding Investigation

BALTIMORE, MD (May 12, 2019) – Maryland Attorney General Brian E. Frosh today announced a multistate 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 lawsuit, filed in U.S. District Court for the District of Connecticut, also names 15 individual senior executives as defendants at the heart of the conspiracy who were responsible for sales, marketing, pricing, and operations. 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 prescription drugs.

Read more in the full press release: http://www.marylandattorneygeneral.gov/press/2019/051219.pdf

2 comments:

Anonymous said...

Finally he is doing his job. He is a true POS. He needs to go end of story.

Anonymous said...

There are no conspiracies.
These writers are all nut jobs.