Monday, 13 May 2019

Leading US drug companies 'conspired to inflate prices by up to 1,000%'

Leading US drug companies 'conspired to inflate prices by up to 1,000%'

Leading drug companies including Teva, Pfizer, Novartis and Mylan conspired to inflate the prices of generic drugs by as much as 1,000 per cent, according to a far-reaching lawsuit filed on Friday by 44 states. The industry-wide scheme affected the prices of more than 100 generic drugs, according to the complaint, including lamivudine-zidovudine, which is used to treat HIV; budesonide, an asthma medication; fenofibrate, which is used to treat high cholesterol; amphetamine-dextroamphetamine for ADHD; oral antibiotics; blood thinners; cancer drugs; contraceptives; and antidepressants.
Read more: https://www.independent.co.uk/news/world/americas/drug-companies-inflate-prices-us-teva-pfizer-novartis-mylan-court-case-a8910606.html?source=Snapzu

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