<script async src=”//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js”></script>
<!– Front page sidebar –>
<ins class=”adsbygoogle”
style=”display:inline-block;width:300px;height:600px”
data-ad-client=”ca-pub-6727059054102892″
data-ad-slot=”4003498234″></ins>
<script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script>



AG Sues Generic Drug-Makers For Prioritizing Profits Over NM Patients

AG Sues Generic Drug-Makers For Prioritizing Profits Over NM Patients

“When companies put profits over patients, they will face the full extent of New Mexico law.”

New Mexico has joined with four other states in filing a lawsuit in federal court alleging that six generic drug-makers entered into illegal conspiracies in order to unreasonably restrain trade, artificially inflate and manipulate prices and reduce competition in the U.S. for two generic drugs.

The investigation, which is still ongoing as to a number of additional generic drugs, generic drug companies and key executives, uncovered evidence of a well-coordinated and long-running conspiracy to fix prices and allocate markets for doxycycline hyclate delayed release, an antibiotic, and glyburide, an oral diabetes medication.

“I will continue to hold big out-of-state corporations accountable when then they rip off New Mexico consumers, and when companies put profits over patients, they will face the full extent of New Mexico law,” Attorney General Hector Balderas said.

The lawsuit mirrors ongoing, 40-state litigation alleging violations of federal and state antitrust laws and state consumer protection laws in some of the states against the defendant generic companies Heritage Pharmaceuticals, Inc., Aurobindo Pharma USA, Inc., Citron Pharma, LLC, Mayne Pharma (USA), Inc., Mylan Pharmaceuticals, Inc. and Teva Pharmaceuticals USA, Inc.

The complaint alleges that the defendants routinely coordinated their schemes through direct interaction with their competitors at industry trade shows, customer conferences and other events, as well as through direct email, phone and text message communications. The alleged anticompetitive conduct including efforts to fix and maintain prices, allocate markets and otherwise thwart competition caused significant, harmful and continuing effects in the country’s healthcare system, the states allege.

New Mexico and the states further allege that the drug companies knew that their conduct was illegal and made efforts to avoid communicating with each other in writing or, in some instances, to delete written communications after becoming aware of the investigation. New Mexico and the states are asking the court to enjoin the companies from engaging in illegal, anticompetitive behavior and for equitable relief, including substantial financial relief, to address the violations of law and restore competition.

The following two tabs change content below.
Albuquerque’s definitive alternative newspaper publishing an inquisitive, modern approach to the news and entertainment stories that matter most to New Mexicans. ABQ Free Press’ fresh voice speaks to insightful and involved professionals who care deeply about our community.

Latest posts by ABQ Free Press (see all)

Leave a Comment

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

Cancel reply
The following two tabs change content below.
Bradley T. Schuman is a pop culture geek and music nerd with far too many records and opinions. Reach him at music@freeabq.com.