Is generic drug industry a corrupt ‘cartel’? AG Jeff Landry says so

Local News

(12/18/18) According to our partners at The News-Star, Louisiana Attorney General Jeff Landry said Tuesday generic drug manufacturers act together as a “cartel” to fix prices and divide market share in a way that costs patients and insurance companies billions of dollars.

Landry and Connecticut Attorney General George Jepsen, who leads the antitrust lawsuit, said the original complaint will be updated and expanded to accuse a majority of generic companies of fixing the prices on 300 or more drugs.

They said 48 states and territories have joined the lawsuit.

Read more at The News-Star.

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