The Justice Department on Tuesday charged generic drug giant Glenmark Pharmaceuticals with manipulating the prices of drugs sold in the U.S., as part of a broad federal probe of price-fixing in the generics industry.
The charging document alleges that Glenmark and other pharmaceutical companies conspired to raise the price of the cholesterol drug pravastatin. It names Apotex as one of the companies with which Glenmark allegedly conspired. “By cheating through fixing prices, generic drug companies artificially raised prices even though prescription drug costs were already sky high,” Makan Delrahim, who heads DOJ’s Antitrust Division, said in a statement. “As today’s charge shows, the Antitrust Division will not hesitate to charge these companies, and litigate where necessary, particularly where their crimes resulted in hundreds of millions of dollars in overcharges for life-saving medications.
Going out on a limb here, they supported the Democratic party last election.
Now go after the big boys selling the name brands for up to 10 times the price of generics.
So... It seems Trump didn't get his cut?
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