3 HV Companies Conspired In Illegal Drug Price-Gouge Scheme: AG
See the list of companies that conspired to illegally rip you off on drug prices, the New York Attorney General says.
By Lanning Taliaferro, Patch Staff | May 13, 2019 10:44 am
New York and 43 other states have accused 20 companies – three of which have roots in the Hudson Valley – of illegally conspiring to artificially inflate the prices of more than 100 generic drugs, according to the New York Attorney General's Office. (see list below).
In a lawsuit filed in US District Court, the complaint also names 16 individual defendants – drug company executives responsible for sales, marketing, pricing and operations. They're accused of a systematic conspiracy to fix prices, allocate markets, and rig bids for more than 100 different generic drugs. The drugs span all types and treat a range of diseases and conditions from basic infections to cancer and epilepsy. In some instances, the coordinated price increases were over 1,000 percent.
"The evidence shows a multi-year, multi-faceted conspiracy to enrich pharmaceutical companies at the expense of consumers," said New York Attorney General Letitia James. "The scope of the conspiracy is breathtaking, affecting generic drugs that people rely on every day to treat acute and chronic conditions, like diabetes and arthritis. The blatant anti-competitive conduct alleged in the complaint harmed consumers' health and well-being in multiple way and we intend to hold the wrongdoers accountable."
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Two of the companies are headquartered in the Hudson Valley and one, Pfizer, has a major research and development campus in Orangetown.
Corporate defendants named include the following:
Teva Pharmaceuticals USA, Inc., North Wales, Pa.
Sandoz, Inc., Princeton, NJ
Mylan Pharmaceuticals Inc., Canonsburg, Pa.
Actavis Holdco US, Inc., Parsippany, NJ
Actavis Pharma, Inc., Parsippany, NJ
Amneal Pharmaceuticals, Inc., Bridgewater, NJ
Apotex Corp., Weston, Fla.
Aurobindo Pharma U.S.A., Inc., South Brunswick, NJ
Breckenridge Pharmaceutical, Inc., Fairfield, NJ
Dr. Reddy's Laboratories, Inc., Princeton, NJ
Glenmark Pharmaceuticals Inc. USA, Mahwah, NJ
Greenstone LLC, North Peapack, NJ
Lannett Company, Inc., Philadelphia
Lupin Pharmaceuticals, Inc., Baltimore
Par Pharmaceutical Companies, Inc., Chestnut Ridge, NY
Pfizer, Inc., New York City
Taro Pharmaceuticals USA, Inc., Hawthorne, NY
Upsher-Smith Laboratories, LLC, Maple Grove, Minn.
Wockhardt USA, LLC, Parsippany, NJ
Zydus Pharmaceuticals (USA), Inc., North Pennington, NJ
more:
http://patch.com/new-york/yorktown-somers/s/gppd3/3-hv-companies-conspired-in-illegal-drug-price-gouge-scheme-ag?utm_source=alert-breakingnews&utm_medium=email&utm_term=weather&utm_campaign=alert
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