Nebraska Attorney Doug Peterson joined 43 attorneys general in a lawsuit accusing Teva Pharmaceuticals and 19 of the nation’s largest generic drug manufacturers of price fixing generic drugs.
The suit lead by Connecticut Attorney General William Tong alleges a broad conspiracy to artificially inflate prices and reduce competition for more than 100 different generic drugs.
The inflated prices involved all types of drugs, including statins, ace inhibitors and beta blockers, antibiotics and anti-depressants. They were prescribed for a ranges of diseases and conditions including diabetes, cancer and epilepsy. In some instances the coordinated prices increases were over 1,000 percent.