Lawsuit by 44 States Accuses Pharma Giants of 'Multi-Year Conspiracy' to Hike Drug Prices by Over 1,

[babylonsister]

Lawsuit by 44 States Accuses Pharma Giants of 'Multi-Year Conspiracy' to Hike Drug Prices by Over 1,000%

"We have hard evidence that shows the generic drug industry perpetrated a multi-billion dollar fraud on the American people."
by Jake Johnson, staff writer


A far-reaching lawsuit filed Friday by the attorneys general of more than 40 states accused some of the nation's largest generic drug manufacturers of conspiring to inflate prices, in some cases by over 1,000 percent.

"We have hard evidence that shows the generic drug industry perpetrated a multi-billion dollar fraud on the American people," Connecticut Attorney General William Tong, whose state led the probe into the companies' practices, said in a statement.

"Teva and its co-conspirators embarked on one of the most egregious and damaging price-fixing conspiracies in the history of the United States." —Lawsuit

"We have emails, text messages, telephone records, and former company insiders that we believe will prove a multi-year conspiracy to fix prices and divide market share for huge numbers of generic drugs," said Tong.

The suit names 20 major drug manufacturers—including Pfizer, Teva, Novartis, and Mylan—as well as more than a dozen senior executives, who the complaint accuses of deleting evidence after the states began their investigation in 2014.

"The industrywide scheme affected the prices of more than 100 generic drugs," the New York Times reported Saturday, "including lamivudine-zidovudine, which treats H.I.V.; budesonide, an asthma medication; fenofibrate, which treats high cholesterol; amphetamine-dextroamphetamine for ADHD.; oral antibiotics; blood thinners; cancer drugs; contraceptives; and antidepressants."

more...

https://www.commondreams.org/news/2019/05/12/lawsuit-44-states-accuses-pharma-giants-multi-year-conspiracy-hike-drug-prices-over?utm_campaign=shareaholic&utm_medium=referral&utm_source=facebook&fbclid=IwAR1JWtVLzYxtiyAR_ZHJtzHLQt947zElT0Nmn-QhtHzV-rnf6sRG3j652JQ

[dalton99a]

1. They have killed many people

to fatten their wallets

[mucifer]

2. Yes, murderers. They should get life sentences in state prisons IMO. But, they

will probably get their cases thrown out by republican judges

[duforsure]

3. And while trump claimed he'd get drug prices down

Then he took millions in bribes from drug companies in the form of campaign contributions, that probably found its way into his pockets, and he's done nothing but protect them since. trump supports have no clue how he's screwing them over now, and in so many ways.

[babylonsister]

4. 60 Minutes program is covering this now.