Bernie Sanders, Elijah Cummings accuse drugmakers Mylan and Teva of 'coordinated obstruction'

[Donkees]

PUBLISHED 5 HOURS AGO
Berkeley Lovelace Jr.

Excerpt:

Chairman of the House Committee on Oversight, Elijah Cummings, D-Md., along with Sen. Bernie Sanders, I-Vt., sent letters to Mylan, Teva Pharmaceutical and Heritage Pharmaceuticals asking them to turn over documents, according to a joint statement Wednesday.

The lawmakers said they decided to open an investigation following findings in a lawsuit filed by 44 states in May that accused the drugmakers and others of inflating drug prices and stifling competition for generic drug versions.

“Not only did your company’s apparent obstruction undermine our investigation, but it may have caused further harm to patients and health care providers by delaying the discovery of evidence about the companies’ price-fixing,” Cummings and Sanders wrote in each of the letters, dated August 13.

Shares of Mylan and Teva Pharmaceutical were each down roughly 8% on Wednesday.

https://www.cnbc.com/2019/08/14/lawmakers-accuse-drugmakers-mylan-teva-of-coordinated-obstruction.html

[corbettkroehler]

1. Anyone Skeptical Of The Price Fixing, Remember This

Teva is the firm being sued by multiple State Attorneys General for creating the opioid crisis which has destroyed countless lives. Not content to invent a painkiller with a narrow but important use for end-stage cancer patients for whom addiction to narcotics would be a non-issue, Teva paid kickbacks to physicians so that they knowingly hooked patients in order to drive record profits.

Do we seriously think that such a morally bankrupt firm would blink at the idea of gouging insulin prices? Do we?

SC Attorney General sues opioid distributors

http://thestate.com/news/politics-government/article234034862.html