38.9 F
Wichita
Wednesday, November 25, 2020

Buy now

AG Derek Schmidt: Kansas Files Third Lawsuit Alleging Antitrust Price-Fixing in Generic Drug Industry

TOPEKA – (June 10, 2020) – Kansas has filed a third lawsuit stemming from its ongoing antitrust investigation into a widespread conspiracy by generic drug manufacturers to artificially inflate and manipulate prices, reduce competition and unreasonably restrain trade for generic drugs sold across the United States, Attorney General Derek Schmidt announced today.

The lawsuit, filed today in the U.S. District Court for the District of Connecticut, focuses on 80 topical generic drugs that account for billions of dollars of sales in the United States. The complaint names 26 corporate defendants and 10 individual defendants. It seeks damages, civil penalties and actions by the court to restore competition to the generic drug market. The topical drugs at the center of the complaint include creams, gels, lotions, ointments, shampoos, and solutions used to treat a variety of skin conditions, pain, and allergies.

Between 2007 and 2014, three generic drug manufacturers – Taro, Perrigo, and Fougera (now Sandoz) – sold nearly two-thirds of all generic topical products dispensed in the United States. The multistate investigation has uncovered comprehensive, direct evidence of unlawful agreements to minimize competition and raise prices on dozens of topical products. The complaint alleges longstanding agreements among manufacturers to ensure a “fair share” of the market for each competitor, and to prevent “price erosion” due to competition.

The new complaint, brought by a coalition of 51 states and territories including Kansas, is the third to be filed in an ongoing, expanding investigation into generic drug price fixing. The first complaint, still pending in the U.S. District Court in the Eastern District of Pennsylvania, was filed in 2016 and now includes 18 corporate defendants, two individual defendants, and 15 generic drugs. Two former executives from Heritage Pharmaceuticals, Jeffery Glazer and Jason Malek, have entered into settlement agreements and are cooperating with the attorneys general working group in that case. The second complaint, also pending in the U.S. District Court in the Eastern District of Pennsylvania, was filed in 2019 against Teva Pharmaceuticals and 19 of the nation’s largest generic drug manufacturers. The complaint names 16 individual senior executive defendants. The states are currently preparing for trial on that complaint.

A copy of the complaint filed today is available at https://bit.ly/2YjIRWo.

Related Articles

Letter From Marysville USD 364 Superintendent Mike Couch – 10/16/2020

Well, I am not sure if many parents were able to get any “back to school” pictures this morning as we had our First...

Washington County Government Offices To Be Locked Starting Tuesday

WASHINGTON, KAN. - Effective 12:01 a.m. on November 17, 2020, all doors to the Washington County Courthouse and all other County Offices and buildings...

First COVID-19 Deaths Reported In Pottawatomie County

Pottawatomie County, Kansas – On Monday, November 16, 2020, Pottawatomie County Health Department announced the first and possibly second COVID-19 related deaths for Pottawatomie...

Stay Connected

21,092FansLike
2,453FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Letter From Marysville USD 364 Superintendent Mike Couch – 10/16/2020

Well, I am not sure if many parents were able to get any “back to school” pictures this morning as we had our First...

Washington County Government Offices To Be Locked Starting Tuesday

WASHINGTON, KAN. - Effective 12:01 a.m. on November 17, 2020, all doors to the Washington County Courthouse and all other County Offices and buildings...

First COVID-19 Deaths Reported In Pottawatomie County

Pottawatomie County, Kansas – On Monday, November 16, 2020, Pottawatomie County Health Department announced the first and possibly second COVID-19 related deaths for Pottawatomie...

Ellsworth Correctional Facility Reports 3rd Resident Death; 10th KDOC Death Overall

TOPEKA, Kansas – An Ellsworth Correctional Facility (ECF) resident who died Sunday, November15 had tested positive for COVID-19. This is third resident death from...

Lakeside Junior High Students To Move To Remote Learning Following COVID-19 Exposure

Waconda School District, after communicating with the Osborne County Health Department, has determined that there has been a new positive Covid-19 exposure within the...