The lawsuit accuses the drugmakers of inflating prices of more than 100 different drugs. drugs
WASHINGTON: Teva Pharmaceutical Industries Ltd helped mastermind a sweeping conspiracy among generic drugmakers to raise the price of medicines, according to a new antitrust lawsuit filed by states that stems from a five-year investigation of the companies. Teva’s stock plunged the most in three months.
The lawsuit accuses the drugmakers of inflating prices of more than 100 different drugs, significantly broadening a 2016 complaint. In addition to the states, the Justice Department’s antitrust division is conducting a criminal investigation. The unit’s chief said last week that charges would be filed, without specifying timing.The states say the pharmaceutical companies conspired with one another to fix prices and carve up markets for medicines among themselves, rather than compete on price.
“The allegations in this new complaint and in the litigation more generally, are just that – allegations,” Kelley Dougherty, a Teva vice president, said in a statement. Representatives for the other companies didn’t respond to requests for comment after regular business hours on Friday evening. Cavanaugh, Nesta and Rekenthaler didn’t immediately respond to messages sent through LinkedIn.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump says US backs Israel '100%' over Gaza escalationTrump's message came in the wake of the most serious escalation since the 2014 war.
Read more »
Trump sokong Israel 100% | The Malaysian Insight
Read more »
Chinese truck driver collapses steel bridge and dumps 100-tonne load of concrete pipes into river
Read more »
17 students hurt, 70 taken ill after suspected chemical leak at Penang schoolSome 100 students are reportedly showing symptoms of inhaling chemical vapours. bayanlepas
Read more »
Kumpulan aktivis Pulau Pinang cabar petisyen anti-penambakan | The Malaysian InsightPetisyen itu mendapat kira-kira 100 tandatangan dalam dua jam pertama dalam talian.
Read more »
Klang water cut to be resolved by Sunday at latest | The Malaysian InsightAir Selangor had earlier targeted 100% restoration of supply by 3pm today.
Read more »
Lebih 40 maut pesawat penumpang terbakar di MoscowPesawat penumpang SSJ-100 dalam perjalanan ke bandar Murmansk terbakar, sebelum pendaratan kecemasan di Lapangan Terbang Antarabangsa Sheremetyevo Moscow.
Read more »
41 killed in Aeroflot blaze | The Malaysian InsightSukhoi Superjet 100 aircraft carrying 73 passengers and five crew members just left Sheremetyevo airport when the crew issued a distress signal.
Read more »
Pek makanan buat pelajar tahfizseremban PERTUBUHAN Penggerak Ekonomi Islam Malaysia (PEMA) menyumbangkan 100 pek makanan sihat kepada pelajar Madrasah Tahfiz Al-Fath (MATAF) di Senawang, Seremban, semalam.
Read more »