States say drug makers fixed prices of ‘generics’

Posted at 7:45 p.m. on June 24, 2019

The Brillion News

MADISON – Wisconsin Attorney General Josh Kaul joined Connecticut Attorney General William Tong and 41 other states Monday (June 24) in releasing the full, unredacted complaint against Teva Pharmaceuticals and 19 of the nation’s largest generic drug manufacturers after the court granted the states’ motion to unseal the complaint.

Among the evidence now public are emails between generic drug manufacturers coordinating their response to a Congressional inquiry, emails enforcing “fair share” and “playing nice in the sandbox” market allocation, “fluff pricing” strategy and other brazen coordination to artificially inflate prices, hinder competition and unreasonably restrain trade across the industry.

The lawsuit was first filed by Connecticut and 43 other states on May 10 in U.S. District Court for the District of Connecticut.

“More than 40 states, including Wisconsin, have alleged that 20 generic drug manufacturers engaged in price fixing, resulting in increased prices for medications,” said Attorney General Kaul. “Companies that engage in unlawful anticompetitive conduct must be held accountable.”

To see the complete story and more evidence of a conspiracy to fix prices, go to https://www.doj.state.wi.us/news-releases/generic-drug-price-fixing-complaint-unsealed

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