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Lawsuit: ‘Broad Conspiracy’ of Drugmakers Inflating Market | Law & Crime

In May, a bloc of Attorneys General from 44 states filed a federal lawsuit against pharmaceutical giant Teva Pharmaceutical Industries–the largest producer of generic drugs in the world–and 19 others, alleging that drugmakers engaged in “a broad conspiracy to artificially inflate and manipulate prices” for more than 100 different generic drugs.

Connecticut Attorney General William Tong filed the complaint in the U.S. District Court for the District of Connecticut, naming 20 drugmakers, including Novartis’ Sandoz division, Pfizer’s Greenstone division, and Mylan, as well as 15 individual senior level executives as defendants.

The 524-page lawsuit was initially filed under seal and heavily redacted, but a new report Friday from Business Insider revealed the contents of the filing, including email and Facebook messages shared between the rival drugmakers. The filing detailed the extent of measures taken by drugmakers to prevent the consumers from getting generic drugs at lower costs. The resulting picture? An industry landscape designed to foster anti-competition and price gouging.

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Lawsuit: ‘Broad Conspiracy’ of Drugmakers Inflating Market | Law & Crime.

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