Teva agrees to fork out $925,000 to Mississippi to settle generic cost-fixing costs

Tom Smith

After several years of controversy, Teva Prescription drugs (TEVA) agreed to shell out $925,000 to the state of Mississippi to settle allegations of conspiring to established selling prices of generic medicines, the initial occasion in which a condition and drug maker have reached a deal around sweeping cost-fixing litigation.  Several […]

After several years of controversy, Teva Prescription drugs (TEVA) agreed to shell out $925,000 to the state of Mississippi to settle allegations of conspiring to established selling prices of generic medicines, the initial occasion in which a condition and drug maker have reached a deal around sweeping cost-fixing litigation.  Several latest and former executives also achieved a settlement, according to a court docket doc.

In 2019, Mississippi was just one of 43 states that accused extra than a dozen generic drug makers and some of their executives of collaborating in a extended-operating conspiracy that, in the end, elevated selling prices for an untold selection of Us residents. The lawsuit was truly an expanded edition of litigation submitted in 2016 and the alleged conspiracies were also the focus of a 3rd lawsuit filed final year.

Unlock this post by subscribing to STAT+ and enjoy your initially 30 times absolutely free!

GET Began

Next Post

Underlying Medical Situations Up Possibility for Extreme COVID-19 in Kids - Client Overall health Information

MONDAY, June 21, 2021 (HealthDay Information) — A larger danger for severe COVID-19 sickness can be uncovered among little ones with health care complexity and particular underlying ailments, according to a study printed online June 7 in JAMA Community Open up. Lyudmyla Kompaniyets, Ph.D., from the U.S. Facilities for Sickness […]

Subscribe US Now