States go after generic drugmakers for alleged price-fixing

A coalition of 51 attorneys general in the U.S. has filed an antitrust complaint in federal court against 26 companies making generic dermatology drugs and 10 executives at these firms claiming wide-spread price-fixing, marketing allocating and bid-rigging related to over 80 different products.

Companies named in the complaint include Novartis (NVS -0.1%) unit Sandoz, Teva Pharmaceutical Industries (TEVA -3.8%), Pfizer’s (PFE -0.6%) Upjohn unit, Mylan (MYL -3.4%), Perrigo (PRGO -2.9%) and Taro Pharmaceutical Industries (TARO -1.7%).

Related tickers: Aclaris Therapeutics (ACRS -4.4%), Akorn (AKRX), Amphastar Pharmaceuticals (AMPH -2.2%), Amneal Pharmaceuticals (AMRX -8.0%), Bausch Health Companies (BHC -3.1%), Coherus Biosciences (CHRS -2.6%), Collegium Pharmaceutical (COLL -1.4%), Eagle Pharmaceuticals (EGRX -1.2%), Endo International (ENDP -5.1%), Lannett Company (LCI -4.4%), Mallinckrodt (MNK -5.0%), Dr. Reddy’s Laboratories (RDY -0.8%)

https://seekingalpha.com/news/3581977-states-go-after-generic-drugmakers-for-alleged-price-fixing