Pharmaceutical companies are set to pay nearly $70 million to California over"collusive" deals that kept generic drugs off the market and raised prices, state Attorney General Xavier Becerra announced Monday.
Under such"pay-for-delay" agreements, drugmakers could maintain a monopoly on branded medications after their patents expired, Becerra said. The practices caused consumers"to pay as much as 90% more for drugs shielded from competition," his office added.Four settlements were reached with drug companies Teva Pharmaceutical Industries, Endo Pharmaceuticals and Teikoku Pharma over the practices, Becerra said.
Becerra's office still hailed the settlements, calling the Teva agreement"the largest pay-for-delay settlement received by any state." The attorney general also called for state legislation that would deter other anti-competitive deals and step up enforcement."No one, no one in America, should be forced to skip or ration doses of medicine they need," he said.
A mere pittance,compared to over-all profits.
70 million dollars? How does that compare, to 70 million families livrs ruined?
Legal Drug Dealers!
What is that like 4 days of revenue?
Wheres the jail time?
Big deal.... that is about 7 minutes of business for them...
And what will they do with the money? Piss it away on Illegals, Bullet Trains, or their own re-election campaigns
Its about time people are dying because of it!
Ooooh 70million!🙄
Nazi Republicans
Great, lopezobrador_ this is what is to be done with Pharmaceutical companies in Mexico
I mean... I guess this a start.
These companies murdered ppl I grew up with. Fact.
So they should.......should have been more $$$.
O ya 1% goes to all that cocaine they move around from them corrupt dea works to the upper part of America to frame them southern Mexican that need help y!?
If you ask me it all a scan for money to feed the over seas NATO
Also known as .01% of illicit profits
Will they all share a cell with Martin Shkreli? 🔐
$70 mil to them is like $70 to us. This does nothing for consumers.
And California is going to distribute the $70 million back to the ppl that overpaid for their medications...right? 🤔
That’s that Democrats love for y’all 💕💕😘
Will they be locked 🔒 up with Martin Shkreli?
That's a trivial amount of money...
What was the net profit?
You still attack trump for trying to get the prices down the whole of the usa should make them sorry for what they are doing to the sick
Another Example of U.S. Pharmaceutical & Insurance cohorting: *Truvada in the USA. Set price before Insurance, $2000.00 per Month. With Co-pay, $1000.00 per Month. *Truvada in Europe and Africa. $72.00 per YEAR. NO Insurance.
Maybe cnn should press the pharma industry instead of trying to get trump re-elected daily.
California is better off generics and what they are in them are not always safe if not harmful
Good good
That 70 million to them is what 70 dollars would be for me. This has no real effect, it is just optics.
tax cut $ comes in handy
70 mil is nothing to big pharma
So about 8 hours worth of profits? Cool story bro
That's straight up change for big pharma. BILLIONS being made and the gamble paid off for them.
How much of that do the patients who needed those medicines get? 🤔
When can we sue that cancer of a state for pushing its degenerate Hollywood culture on the rest of us and our children?
Thats it?
Same day Pfizer makes a big 10 Billion dollar merger
They were playing with people's lives for profits... Assholes
70 million to Pharmaceutical companies is like a Elon Musk buying a Snickers bar.
Big Pharma....meet Karma.
Yea? And how much did they make doing it? Slap on the wrist I'm sure.
Small price for the massive profits they made