In a new lawsuit, the Connecticut Attorney General William Tong and other officials are alleging the nation’s largest generic drug manufacturers colluded to price fixing over 100 different generic drugs.
Can this impact your trip to the pharmacy in the future?
Parents over the last few years you might have noticed those prescription drugs might be costing them more. That’s partially why attorneys general from more than 40 states are taking on these big drug companies in a federal lawsuit filed on Friday.
The file alleges the nation’s largest generic drug manufacturers conspired to manipulate prices for more than 100 different generic drugs that includes treatments for diabetes, cancer, arthritis, and other medical conditions.
Connecticut Attorney General William Tong, says investigators obtained emails, text messages and telephone records to prove a multi-year conspiracy against 20 firms.
“On a widespread basis, among the largest manufacturers and a large segment of the market prices are fixed and the market is rigged. And we have emails, text messages and in person meetings and cooperating witnesses that demonstrate conclusively without a doubt that the major drug companies, including Teva, are colluding on price and dividing market share,” said Tong.
It names fifteen senior executives who are responsible for sales, marketing, and pricing.
Related: AG releases Purdue Pharma emails
Tong took to Twitter last night writing:
Tong is joined by other health care leaders in the state and other policy makers to talk about the suit in Hartford.
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