Friday, Connecticut’s Attorney General Tong and 43 other Attorneys General filed a federal lawsuit alleging that 20 generic drug manufacturers and 15 individuals conspired to inflate prices for 114 drugs that treat a multitude of conditions. The complaint outlines a broad, coordinated campaign across the industry to fix prices, allocate markets and rig bids.
Price-fixing is reprehensible, especially for medications that lives depend on. Luckily, it’s also illegal. The anti-trust unit in the Attorney General’s office deserve credit for diligence and persistence in years of research to make their case. This price-fixing hit CT consumers and payers especially hard. Read more