Select Page

A second generic drug maker admits to price fixing in probe into generics

A second generic drug maker admits to price fixing in probe into generics



A small drug maker called Rising Pharmaceuticals agreed to pay more than $3 million to resolve criminal and civil charges related to a price-fixing scheme involving a high blood pressure pill, the second time a company has reached such a deal with federal authorities who are conducting a probe into the generic industry.

From April 2015 until at least September 2015, Rising conspired with another unnamed generic drug maker and its executives to fix prices and allocate customers for Benazepril HCTZ, according to court documents. Effectively, the companies “engaged in a conspiracy to suppress and eliminate competition,” the Department of Justice wrote in a document outlining the charges.

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!

GET STARTED





Source link

About The Author

Leave a reply

Your email address will not be published. Required fields are marked *