Enlarge / A Teva facility in France. (credit: Getty | Fred Dufour)
With four settlement agreements, the state of California will get nearly $70 million from pharmaceutical companies that allegedly cut illegal deals to keep affordable generic drugs off the market, shielding pricey brand-name products from competition.
The settlements also include injunctions that temporarily prevent the drug makers from entering into such “pay-for-delay.”
California Attorney General Xavier Becerra argued that the deals violate antitrust laws and can lead consumers to pay as much as 90% more for prescription drugs.
Read 6 remaining paragraphs | Comments
Source: Ars Technica – Drug makers to pay million over deals to keep cheap generics off the market