Missouri, Kansas among states to sue generic drug companies

William Tong in East Hartford Connecticut

A complete list of the states filing the suits and the drug makers can be found here.

The attorneys general of 44 states on Friday sued 20 generics manufacturers and 15 employees on price-fixing charges, appearing to focus on the practices of Teva as instigator of a conspiracy. The documents, Tong said, show that the enormous price hikes on generic drugs American consumers have been dealing with had nothing to do with market forces or product shortages.

Teva's stock was the clear underperformer among the group as the Israel-based company was singled out by NYT for raising prices on almost 400 formulations of 112 generic drugs. These drugs treat a wide variety of diseases ranging from "basic infections to diabetes, cancer, epilepsy, multiple sclerosis, HIV, ADHD, and more".

In a statement to LSIPR, Pfizer said: "The Company has cooperated with the CT attorney general since it was contacted over a year ago".

A representative of Teva in the United States said the Israeli company "has not engaged in any conduct that would lead to civil or criminal liability", Reuters news agency reported.

The complaint, filed on Friday in the U.S. District Court in ct, said the drug companies engaged in "numerous illegal conspiracies in order to unreasonably restrain trade, artificially inflate and manipulate prices and reduce competition", according to state attorneys general.

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Customers like Stephen Camp says he doesn't feel the price of generic drugs outright, but he does in his insurance payments. A coalition lead by CT, initially joined by 19 other states, filed the first suit in December 2016. The suit accuses Teva Pharmaceuticals of being the mastermind behind the scheme. It alleges that "Teva and its co-conspirators embarked on one of the most egregious and damaging price-fixing conspiracies in the history of the United States".

Between July 2013 and January 2015, Teva allegedly instituted significant prices increases on about 112 generic drugs, including colluding with overlapping competitors on 86 of them, with several seeing price increases of more than 1,000 percent.

'When communications were reduced to writing or text messages, defendants often took overt and calculated steps to destroy evidence of those communications, ' the suit states.

One of the firms accused is Teva Pharmaceuticals, the world's largest producer of generic medicine. The first suit filed in 2016 named 18 corporate defendants and two individual defendants.

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.

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