Lawsuits: Generic Drug Prices Spiked as Part of Price-Fixing Scheme

A generic drug antitrust lawsuit may be an option for individuals and other parties who purchased certain generic drugs on at least one occasion after June 1, 2013. Affected parties who purchased, paid and/or provided reimbursement for a portion or entire purchase price for certain generic drug products may be able to seek compensation with the help of an antitrust attorney.

If you, your practice, health clinic or hospital purchased generic drugs sold by any of the companies listed in the article below, contact Attorney Group to learn about your options. We offer free, no obligation consultations. We can help answer your questions, and if you choose to pursue a claim we can connect you with an affiliated attorney who can assist you throughout the legal process.

Important: The time you have to pursue a claim is limited. Contact us for more information.

Federal Investigation Led to Discovery of Massive Price Increases

Antitrust lawsuits filed in December 2016 claim that at least a dozen manufacturers and distributors of generic drugs conspired to fix the prices of certain generic drugs beginning around June 1, 2013. Plaintiffs in the lawsuits are representing individuals and other entities who purchased, paid and/or provided reimbursement for a portion or all of the purchase price of certain generic drugs. Defendants are accused of coordinating a series of schemes to raise and fix prices of the medications. According to an investigation led by two federal legislators in October 2014, some generic drugs used to treat a range of common conditions and life-threatening illnesses saw a price increase between 388 and over 8,000 percent.

The low cost of generic drugs is appealing to many, as the savings reportedly help to keep health care prices down. However, alleged schemes to fix drug prices may have a harmful effect on the health care system in the United States. Some manufacturers of generic drugs are accused of conspiring through direct company-to-company contacts, in addition to joint activities undertaken through trade associations such as the Generic Pharmaceutical Association. The increase in generic drug prices allegedly endanger the lives of patients who need their medication to deal with potentially serious health conditions.

Manufacturers accused of conspiring to unlawfully increase and fix generic drug prices include:

  • Actavis Holdco, U.S., Inc.
  • Apotex, Inc.
  • Aurobindo Pharma USA, Inc.
  • Cadila Healthcare, Ltd.
  • Citron Pharma, LLC
  • Reddy’s Laboratories, Inc.
  • Glenmark Pharmaceuticals USA, Inc.
  • Heritage Pharmaceuticals, Inc.
  • Lek Pharmaceuticals, d.d.
  • Lupin, Ltd.
  • Lupin Pharmaceuticals, Inc.
  • Mayne Pharma (USA), Inc.
  • Mylan Pharmaceuticals, Inc.
  • Sandoz, Inc.
  • Teva Pharmaceuticals USA, Inc.
  • Zydus Pharmaceuticals, (USA), Inc.

As a result of the drug manufacturers’ unlawful conduct, plaintiffs as well as other members of the proposed classes have sustained substantial injury due to the high prices of generic drugs as opposed to the cost of the same drugs in an otherwise competitive market.

Affected Parties May be Eligible for a Generic Drug Antitrust Lawsuit

When companies engage in collusion, or otherwise conspire to commit deceptive trade practices, they could be liable for any damage that result. In a generic drug antitrust lawsuit, if the allegations of violations of the Sherman Act against the companies are proven, individuals and other entities, including practice groups, health clinics and hospitals may be able to recover the losses they suffered as a result of the defendants’ actions, along with other damages.

Doctors who have purchased generic drugs from the named defendants may be eligible to pursue damages through a generic drug antitrust lawsuit and are encouraged to seek the advice of an experienced attorney to learn more about their rights and remedies.

The Time You Have to Pursue a Claim is Limited. Contact Us Today.

For more information, contact Attorney Group. You can fill out the form on this page or contact us by phone or email.

After you contact us, an attorney will follow up to answer questions that you might have. There is no cost or obligation to speak with us, and any information you provide will be kept confidential.

Please note that the law limits the time you have to pursue a claim or file a lawsuit for an injury. If you think you have a case, you should not delay taking action.