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Forty-five states file suit against 20+ drug manufacturers for alleged price gouging for generic drugs

44 states file suit against generic drug companies alleging price gouging…


Forty-five states, including Nevada, have joined in a massive lawsuit against at least twenty generic drug manufacturers for allegedly conspiring to raise their drug prices to unconscionable levels. The lawsuit contends that drug makers have conspired to push up prices for their “generic” products to such an extent that medically distressed people cannot afford them. Nevada Governor Steve Sisolak told reporters that corporate greed has taken over a big share of the prescription drug market, raising prices on generic drugs whose patents ran out years ago but due to cunning price-fixing has re-boosted their prices back to astronomical levels as if their patents were still in effect.

Here’s the story from Reuters. Click here.

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