Categories

Sun, Dr Reddy’s among 7 Indian pharma majors sued in US for price rigging

Corruption + rigging are India’s middle name.

https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/7-indian-pharma-cos-face-lawsuits-from-over-40-us-states/articleshow/69319125.cms

“MUMBAI: More than 40 US states filed lawsuits against pharma majors, including seven domestic companies, over collusion in inflating prices of widely prescribed generic medicines, in certain cases as high as 1,000%. The 500-page case filed by US states on May 10 charged global biggies like Teva, Pfizer, Sandoz and Mylan, as well as domestic companies like Sun Pharma’s US arm Taro, ZydusNSE 1.35 %, LupinNSE 1.27 %, Aurobindo, Dr Reddy’s, Wockhardt and GlenmarkNSE 1.75 % with conspiring to inflate .. “