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Drug makers to pay $70 million over deals to keep cheap generics off the market

Posted on July 30, 2019 by Xordac Prime
Exterior of a modern urban building with the word TEVA on it.

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

This entry was posted in Ars Technica, Unfiltered RSS and tagged Ars Technica by Xordac Prime. Bookmark the permalink.
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