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Utah joins lawsuit against 20 big pharma companies in massive price-fixing conspiracy

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Utah joins lawsuit against 20 big pharma companies in massive price-fixing conspiracy. (Stock photo: MGN)

Utah is the 45th state to join a lawsuit which alleges several big pharmaceutical companies colluded with each other to raise prices on numerous life-saving medications by as much as 1,000%.

On Monday, Utah Attorney General Sean Reyes announced Utah is joining the lawsuit against Teva Pharmaceuticals, Sandoz, Mylan, Pfizer, and 16 other generic drug manufacturers.

The suit claims those companies "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 generic drugs," a news release states.

Reyes said:

The price-fixing case against these pharmaceutical companies has been building for years, and it’s time we hold them accountable for manipulating the market. It’s outrageous that these companies colluded to inflate prices on generic drugs that should be affordable and increase the quality of life for many people, like antibiotics and asthma medication.

According to the lawsuit, executives at those 20 companies met with each other to fix prices and divide the market share of profits for more than 100 generic drugs.

Richard Piatt of the Utah Attorney General's Office said:

The drugs span all types, including tablets, capsules, suspensions, creams, gels, ointments, and all classes, including statins, ace inhibitors, beta blockers, antibiotics, anti-depressants, contraceptives, and non-steroidal anti-inflammatory drugs. These drugs are used to treat a range of diseases and conditions from basic infections to diabetes, cancer, epilepsy, multiple sclerosis, HIV, ADHD, and more.

Some are referring to the case against the big pharma companies as "the largest cartel case in the history of the United States."

Utah joins the following states and territories in the lawsuit: Alabama, Alaska, Arizona, Colorado, Connecticut, 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, Rhode Island, South Carolina, South Dakota, Tennessee, Vermont, Virginia, Washington, West Virginia, Wisconsin and Puerto Rico.

You can read the entire lawsuit embedded below or by clicking here.

Another complaint, filed in 2016, is also embedded below, and here.



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