Teva, other drug companies accused in sweeping US price-fixing scheme: lawsuit

📆 11/05/2019 12:41 p. m.
📰 ChannelNewsAsia

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WASHINGTON: U.S. states filed a lawsuit accusing 20 drug companies including Teva Pharmaceuticals USA Inc of a sweeping scheme to inflate drug prices:

sometimes by more than 1,000 percent: and stifle competition for generic drugs, state prosecutors said on Saturday.

Representatives of Teva and Sandoz, another company named in the lawsuit, did not immediately respond to a request for comment. Teva USA is a unit of Israeli pharmaceutical company Teva Pharmaceutical Industries Ltd. The lawsuit also names 15 individuals as defendants who it said carried out the schemes on a day-to-day basis."The level of corporate greed alleged in this multistate lawsuit is heartless and unconscionable," Nevada Governor Steve Sisolak said in a statement.

The lawsuit seeks damages, civil penalties and actions by the court to restore competition to the generic drug market.

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