Connect Bridgeport
Ad
FacebookTwitterInstagramYouTubeRSS
  • Home
  • News
  • Sports
  • Community
    • Community News
    • Anniversaries
    • Announcements
    • Arts & Entertainment
    • Calendar
    • Churches
    • Clubs & Organizations
    • Directory
    • Farmer's Market
    • File Complaint
    • Greeting Cards
    • Library
    • Lost And Found
    • Obituaries
    • Parks & Recreation
    • Sponsorships
  • Trading Post
    • For Sale
    • Local Deals
    • Services
    • Yard Sales
  • Visitors
  • Relocation
  • Education
  • Jobs
  • Alumni
Ad

State Attorney General Files Suit against Generic Drug Makers, including Mylan; Claiming Price Manipulation

By Connect-Bridgeport Staff on May 15, 2019

FROM THE OFFICE OF THE WEST VIRGINIA ATTORNEY GENERAL
 
West Virginia Attorney General Patrick Morrisey filed suit alleging some of the nation’s largest generic drug makers, including Mylan Pharmaceuticals, conspired with Teva Pharmaceuticals and each other as 20 manufacturers in all engaged in a broad scheme to artificially inflate and manipulate prices, reduce competition and unreasonably restrain trade for more than 100 different generic drugs.
 
The lawsuit, brought by 44 attorneys general, also names 15 individual senior executive defendants at the heart of the alleged conspiracy who were responsible for sales, marketing, pricing and operations, including James Nesta, Vice President of Sales at Mylan.
 
“The allegations that we have included in the complaint, when proven, are illegal and those who participated in this type of conspiracy must be held accountable,” Attorney General Morrisey said. “Antitrust violations drive up prices for the consumer and, in this instance, it impacts those in desperate need of prescription drugs.”
 
The lawsuit alleges 20 of the nation’s largest generic drug makers engaged in a broad, coordinated and systematic campaign to conspire with each other to fix prices, allocate markets and rig bids for more than 100 different drugs. This alleged collusion involved an interconnected web of industry executives who met with each other during lunches, cocktail parties and golf outings, as well as frequent communication via phone calls, text messages and emails.
 
The drugs at issue account for billions of dollars of sales in the United States, and the alleged schemes increased prices affecting the health insurance market and individuals who must pay artificially-inflated prices for their prescription drugs.
 
Those drugs include medications to treat or manage depression, diabetes, cancer, epilepsy, multiple sclerosis, HIV, attention deficit hyperactivity disorder and a host of other conditions.
 
The lawsuit, filed in U.S. District Court for the District of Connecticut, seeks damages, civil penalties and actions by the court to restore competition to the generic drug market.
 
Other pharmaceutical companies named as defendants are Sandoz Inc.; Actavis Holdco US Inc.; Actavis Pharma Inc.; Amneal Pharmaceuticals Inc.; Apotex Corp.; Aurobindo Pharma U.S.A. Inc.; Breckenridge Pharmaceutical Inc.; Dr. Reddy's Laboratories Inc.; Glenmark Pharmaceuticals Inc.; Greenstone LLC; Lannett Company Inc.; Lupin Pharmaceuticals Inc.; Par Pharmaceutical Companies Inc.; Pfizer Inc.; Taro Pharmaceuticals USA Inc.; Upsher-Smith Laboratories LLC; Wockhardt USA LLC; and Zydus Pharmaceuticals (USA) Inc.
 
West Virginia joined the Connecticut-led complaint with Alabama, Alaska, Arizona, Colorado, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Virginia, Washington and Wisconsin.
 

Share


Sign up/stay connected

Create your profile to start adding photos, posting comments, and more.

SIGN UP

Ad
Ad
Ad

Blogs [ view all ]

  • Photo

    From the Bench: Past Players, Community ...

    For perhaps the first time ever, former players and eventually members of the community will have a chance to own a pi...

    Posted by Jeff Toquinto

  • Photo

    Time Travel: Bridgeport High School Bask...

    This photo, courtesy of Frank Yerkey, is of him lining up a picture perfect jump shot from the baseline in 1962 again...

    Posted by Dick Duez

  • Photo

    It's Happening: Baylor Comes Home

    Many have been following the journey of 2-year-old Baylor Waggamon since early-2025 when he was awaiting a heart transplan...

    Posted by Julie Perine

  • Photo

    ToquiNotes: When a Thank You Simply is N...

    Sometimes, a thank you is not enough. Being able to look back with a little clearer mind in recent days, I do not beli...

    Posted by Jeff Toquinto

  • Photo

    The Grapevine: New Book Review Features ...

    Arrivederci is a cookbook that I compiled and made available to the public around 2000. The book was an immediate succ...

    Posted by Rosalyn Queen

Calendar [ view all ]

Fri
18

Bridgeport Cattle Battle

Sat
19

Mario Kart Tournament (Bridgeport Public Library)

Fri
25

Christmas in July at Bridgeport City Pool

 



Bridgeport, WV
Editorial Board Advertise Privacy Policy Contact Us
FacebookTwitterInstagramYouTubeRSS

©2014 Connect Bridgeport.