OnDemand WTP Pricing Research

Drugmaker secret emails show they colluded to boost prices, NJ claims | app.

A complaint filed filed in May against some of the nation’s biggest generic drug companies was unsealed Monday, showing what authorities said was a bid to collude and artificially inflate prices on more than 100 drugs.

Among the allegations: Teva Pharmaceuticals, a company planning to move its U.S. headquarters to New Jersey, routinely conspired with its competitors to coordinate price hikes in a strategy to turn the struggling company’s financial fortunes around.

“The defendants actively avoided written communications about their illegal conspiracy, but that did not stop our investigation from uncovering messages that open a window into their illegal actions to drive up drug prices for consumers in New Jersey and across the country,” New Jersey Attorney General Gurbir Grewal said in a statement.

Read complete article here:

Drugmaker secret emails show they colluded to boost prices, NJ claims.

Post a Comment

WP-SpamFree by Pole Position Marketing