Finally--- generic RX drug price-fixing being investigated

A "Girl's night out" was where much of it started.

[link to www.nytimes.com]
A wide-ranging investigation into generic drug prices took its most significant turn yet on Thursday, as state attorneys general accused two industry leaders, Teva Pharmaceuticals and Mylan, and four smaller companies of engaging in brazen price-fixing schemes — and promised that more charges were coming.

A civil complaint filed by 20 states accuses the companies of conspiring to artificially inflate prices on an antibiotic and a diabetes drug, with executives coordinating through informal industry gatherings and personal calls and text messages. Officials said the case was a small example of broader problems in the drug business.

“We believe that this is just the tip of the iceberg,” George C. Jepsen, Connecticut’s attorney general, whose office started the inquiry that led to the charges, said in an interview on Thursday. “I stress that our investigation is continuing, and it goes way beyond the two drugs in this lawsuit, and it involves many more companies than are in this lawsuit."

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Way past time. Many Generic drugs that went for $4 cash at Walmart 10 years ago have gone to many hundreds of dollars for the same drug and dose. These same drugs still sell for pennies in India and Canada. This amounts to Price fixing and collusion of drug companies with Insurance companies, US Gov't, and Hospital corporations. People from all these groups need to go to jail. A few of the many drugs that are involved--donnatol, doxycycline, nitro, insulin, epi-pens, glyburide, pyrimethamine.

Last Edited by MarPep on 12/16/2016 12:23 PM