Tag Archives: generic

Teva drops 16% after states accuse drugmaker of conspiring to hike generic drug prices

U.S. traded shares of Teva Pharmaceutical plunged more than 16% on Monday after 44 states sued the company, alleging it orchestrated a sweeping scheme with 19 other drugmakers to inflate prices. Shares of drugmakers Mylan, which was also named in the lawsuit, were trading 10% lower in afternoon trading. The states, led Connecticut Attorney General… Read More »

Secretive 'rebate trap' keeps generic drugs for diabetes and other ills out of reach

This is a Kaiser Health News story. Lisa Crook was lucky. She saved $ 800 last year after her insurance company started covering a new, less expensive insulin called Basaglar that was virtually identical to the brand she had used for years. The list price for Lantus, a long-acting insulin made by Sanofi that she… Read More »