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.

Disney strikes deal with Comcast, takes full control of Hulu
Disney has guaranteed a sale price for Comcast that represents a minimum total equity value for Hulu of $27.5 billion. Comcast acquired NBCUniversal back in 2011 with a consent decree that it wouldn't have a say in Hulu's direction.

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.



Latest news

Protesters close a main street in Khartoum
The latest planned round of talks come as thousands of protesters remain camped outside army headquarters in central Khartoum . Earlier Monday, Sudan's prosecuting authority charged al-Bashir for his role in protesters' deaths during the uprising.

Bucks advance to ECF, manhandle Celtics
This series was a total role reversal. "It's been 18 years since we been in the Eastern Conference Finals", said Belot. Milwaukee, meanwhile, has advanced to the conference finals and will take on either Toronto or Philadelphia.

Space shocker: Earth's moon is shrinking, experiencing seismic activities
Enrollment in the program has declined since 2011, leading to a surplus of almost NZ$13.6 billion, according to the budget office. The popular opinion among geologists is that the quakes on Mars and the Moon doesn't have to do with tectonic plates at all.

Jonas Brothers Return To 'SNL' With A Throwback Hit, Acting Cameo & More
Suffice it to say, they weren't really able to resolve much of anything when it comes to their cases. This weekend's edition of " Saturday Night Live " did not perform as well as last week's broadcast.

North Korea demands return of US-seized cargo ship
The Trump administration announced that it would seize the ship hours after North Korea fired short-range missiles on Thursday. United States officials said the North Korean vessel - known as the "Wise Honest" - was being impounded to American Samoa.

Amazon offers employees thousands of pounds to set up delivery firms
One of them is run by Milton Collier, a freight broker who started his business in Atlanta about eight months ago. Collier says his business is already preparing for the one-day shipping goal by looking for more workers.

China announces retaliatatory tariffs as Trump defends United States moves
In a previous round of tit-for-tat moves, the USA imposed 10 percent tariffs on $200 billion of Chinese imports in September. Trump sees himself as the ultimate dealmaker and might believe that he has to personally intervene to get Xi to budge.

Dog disease that can be passed to humans confirmed in Iowa
If pet owners have recently acquired a new, small breed dog from Marion County, they should contact their veterinarian. This, since pet owners are far less likely to come in contact with saliva, blood and body fluids from an infected dog.

The Moon has moonquakes
The agency will establish sustainable missions by 2028, then we'll take what we learn on the Moon, and go to Mars. Their analysis provided more accurate epicenter location data for 28 moonquakes recorded from 1969 to 1977.

Suns forward Josh Jackson arrested at Rolling Loud
Jackson sat on a nearby golf cart as instructed, but when Manzelli stepped away, Jackson stood up and began to walk away. The team said in a statement it is "aware of the report and in the process of gathering more information".

WhatsApp vulnerability allowed secretive installation of spyware
The report said that calls could disappear from the call log, transmitting the spyware to the unwitting victim. A Times source said that WhatsApp has yet to determine how many users could have been affected.

Jury orders Bayer to pay $2 billion in third Roundup trial
The verdict comes about a month and a half after a jury awarded $80 million to another person, Edwin Hardeman , who has cancer. More than 13,000 similar lawsuits have been filed against the company, according to the EWG news release.

Felicity Huffman Pleads Guilty In College Admissions Scam
Huffman was among the stars of the popular ABC series " Desperate Housewives ", which won her an Emmy Award in 2005. Huffman was also nominated for an Oscar for playing a transgender woman in the movie " Transamerica ".

Bertens beats Halep in Madrid Open final
But Bertens more than played her part, a deserving victor and the first woman ever to win the title without even dropping a set. Her semi-final this year in Madrid against the unseeded Belinda Bencic , now ranked No18, would be her 21st on clay.

Could the oil Industry in India See Higher Profits?
One of the issues for Indian oil companies is their requirement to sell below market to subsidize prices in their home country. The US pulled out of the agreement earlier this year as President Trump claimed he was looking for a better deal.

Other news