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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 industrywide scheme affected the prices of more than 100 generic drugs, according to the complaint, including lamivudine-zidovudine, which treats H.I.V.; budesonide, an asthma medication; fenofibrate, which treats high cholesterol; amphetamine-dextroamphetamine for A.D.H.D.; oral antibiotics; blood thinners; cancer drugs; contraceptives; and antidepressants.
"We all know that prescription drugs can be expensive," Gurbir S. Grewal, the New Jersey attorney general, said in a statement. "Now we know that high drug prices have been driven in part by an illegal conspiracy among generic drug companies to inflate their prices."
In court documents, the state prosecutors lay out a brazen price-fixing scheme involving more than a dozen generic drug companies and just as many executives responsible for sales, marketing and pricing. The complaint alleges that the conspirators knew their efforts to thwart competition were illegal and that they therefore avoided written records by coordinating instead at industry meals, parties, golf outings and other networking events.
(Score: 2) by c0lo on Monday May 13 2019, @09:53AM (5 children)
Keep it that way, you promised youself. Don't ever forget to be a man of your word, don't let yourself down.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by Gaaark on Monday May 13 2019, @10:35AM (2 children)
AC would prefer that EVERYTHING was owned by just ONE company, so it could jack up the price of everything BIGGLY without having to break any nasty government collusion laws.
One cuppa: $400,000. Yeah!
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: -1, Troll) by Anonymous Coward on Monday May 13 2019, @01:55PM (1 child)
Yep, and that one company is the US government. Single payer healthcare would be cheaper I thought.
(Score: 0) by Anonymous Coward on Monday May 13 2019, @07:06PM
Reality is too much for you, go back to school the first round didn't seem to take.
(Score: 1, Informative) by Anonymous Coward on Monday May 13 2019, @02:12PM (1 child)
You think I am kidding, but I really am terrified of the healthcare industry and will avoid any interaction unless it is for some age old treatment like a broken bone, etc. I do not look upon them the same way as you at all.
They have zero accountability for harming people, deaths from medical errors isn't even kept as an official stat. They told people to eat a low fat diet (code for high carb) and caused an obesity crisis. They told people to wear UVB-only blocking sunscreen and caused a skin cancer crisis. No one gets in the least bit of trouble when they give bad advice/treatment.
(Score: 0) by Anonymous Coward on Monday May 13 2019, @08:04PM
different ac here. the truth is not a troll, you dumb bitch.