Posted by Michael Wonder on 12 May 2019
Teva and other generic drug makers inflated prices up to 1,000%, State prosecutors say
11 May 2019 - According to a new lawsuit, generic medications including oral antibiotics, blood thinners, cancer drugs, contraceptives and HIV treatments were subject to unlawful price fixing.
Leading drug companies including Teva, Pfizer, Novartis and Mylan conspired to inflate the prices of generic drugs by as much as 1,000 percent, according to a far-reaching lawsuit filed on Friday by 44 states.
The industry wide scheme affected the prices of more than 100 generic drugs, according to the complaint, including lamivudine-zidovudine, which treats HIV.; budesonide, an asthma medication; fenofibrate, which treats high cholesterol; amphetamine-dextroamphetamine for ADHD; oral antibiotics; blood thinners; cancer drugs; contraceptives; and anti-depressants.
