Charges loom against generic drug companies in price-fixing probe: 5 things to know

After an almost four-year criminal investigation into generic drugmakers for alleged price-fixing, U.S. antitrust prosecutors are expected to file charges against two companies and several executives in the coming months, reports Bloomberg.

Here are five things to know.

1. The investigation, which began during the Obama administration in 2014, has since spread to nearly every major generic drugmaker, including Teva Pharmaceuticals and Mylan.

2. People familiar with the matter told Bloomberg that two companies and several executives are slated to be indicted and a third company may agree to plead guilty before the charges emerge.

3. The looming charges involve allegations of price-fixing and dividing up the market to make higher profits.

4. Throughout the investigation, the FBI has raided at least two companies, including Perrigo in 2017 and Mylan in 2016.  

5. Prosecutors haven't announced any developments in the case and no charges have been disclosed since two former executives of Heritage Pharmaceuticals were charged with collusion in December 2016. Both executives pled guilty and avoided fighting the charges.

 

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