The Worst Is Over for Generic-Drug Stocks

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Heard on the Street: There are signs that the generic-drug industry’s long stock-market nightmare is ending, CGrantWSJ writes

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Generic-drug industry is riddled with price-fixing schemes, investigators sayWhat started as an antitrust lawsuit brought by states over just two drugs in 2016 is said to have exploded into an investigation of alleged price-fixing involving at least 16 companies and 300 drugs. Probably a legally mandated formula how much drug companies can raise price above net cost is needed. ellewoodsgolfs This doesn’t surprise me. I pay $1400 for a 90-day supply of my generic colitis drug. The consumers have been feeling this for quite some time.
Source: latimes - 🏆 11. / 82 Read more »