U.S. states sue Teva, 19 other drug companies in price-fixing complaint [Reuters (UK)]
Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA)
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Source: Reuters
U.S. states sue Teva, 19 other drug companies in price-fixing complaint - Reuters 2 Min Read WASHINGTON (Reuters) - Forty-four U.S. states have filed a lawsuit accusing 20 drug companies including Teva Pharmaceuticals USA Inc of a sweeping scheme to inflate drug prices and stifle competition for more than 100 generic drugs, state prosecutors said on Saturday. The complaint, filed on Friday in the U.S. District Court in Connecticut, said the drug companies engaged in “numerous illegal conspiracies in order to unreasonably restrain trade, artificially inflate and manipulate prices and reduce competition,” according to state attorneys general. The drugs included everything from tablets and capsules to creams and ointments to treat conditions including diabetes, high cholesterol, high blood pressure, cancer, epilepsy and more, they said. In some instances, the coordinated price increases were more 1,000 percent, the lawsuit said. Representatives of Teva and Sandoz, another company named i
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