Tennessee Joins Lawsuit Against Teva Pharmaceuticals

Wednesday, May 15, 2019

Attorney General Herbert H. Slatery III joined a 44-state coalition led by Connecticut in announcing a lawsuit against Teva Pharmaceuticals and 19 of the nation's largest generic drug manufacturers alleging a broad conspiracy to artificially inflate and manipulate prices, reduce competition and unreasonably restrain trade for more than 100 different generic drugs. The drugs at issue account for billions of dollars of sales in the United States, and the alleged schemes increased prices affecting the health insurance market, taxpayer-funded healthcare programs like Medicare and Medicaid, and individuals who must pay artificially inflated prices for their prescription drugs.

The complaint alleges that Teva, Sandoz, Mylan, Pfizer and 16 other generic drug manufacturers engaged in a broad, coordinated and systematic campaign to conspire with each other to fix prices, allocate markets and rig bids for more than 100 different generic drugs. The drugs span all types (including tablets, capsules, suspensions, creams, gels, ointments) and all classes (including statins, ace inhibitors, beta blockers, antibiotics, anti-depressants, contraceptives, non-steroidal anti-inflammatory drugs), and treat a range of diseases and conditions from basic infections to diabetes, cancer, epilepsy, multiple sclerosis, HIV, ADHD, and more.

The lawsuit seeks damages, civil penalties and actions by the court to restore competition to the generic drug market.

“Tennesseans who rely on generic drugs every day for a range of chronic health problems have been harmed by the actions of these corporations in the generic drug industry,” said Attorney General Slatery. “Our office has been working on this for a number of months and look forward to a court holding these companies accountable. This is just another example of how states will not idly stand by while health care costs outstrip consumers’ ability to pay, whether in the form of increased premiums, direct costs, copays, or the like.”

In addition to Connecticut, Alabama, Alaska, Arizona, Colorado, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Puerto Rico joined the suit.

To read the complaint, click here: https://www.tn.gov/content/dam/tn/attorneygeneral/documents/pr/2019/pr19-15-complaint.pdf

 


LYNC Logistics Named 1 Of Inc. Magazine’s Best Workplaces For 2019

Tennessee Bureau Of Workers' Compensation Celebrates 100 Years Of Service

Tennessee State Revenues For April Nearly 11 Percent More Than Previous Year


LYNC Logistics has been named one of Inc. magazine’s Best Workplaces for 2019, its fourth annual ranking in the fast-growing private company sector. Hitting newsstands on May 28 in the ... (click for more)

The Tennessee Bureau of Workers' Compensation marks a century of service and progress at its annual educational conference in Murfreesboro that begins Wednesday, June 12. To celebrate the ... (click for more)

Tennessee Department of Finance and Administration Commissioner Stuart McWhorter Monday announced that revenues for April exceeded the monthly revenues from the previous year. Overall state revenues ... (click for more)


Business

LYNC Logistics Named 1 Of Inc. Magazine’s Best Workplaces For 2019

LYNC Logistics has been named one of Inc. magazine’s Best Workplaces for 2019, its fourth annual ranking in the fast-growing private company sector. Hitting newsstands on May 28 in the June 2019 issue, and as part of a prominent Inc.com feature, the list is the result of a wide-ranging and comprehensive measurement of private American companies that have created exceptional ... (click for more)

Tennessee Bureau Of Workers' Compensation Celebrates 100 Years Of Service

The Tennessee Bureau of Workers' Compensation marks a century of service and progress at its annual educational conference in Murfreesboro that begins Wednesday, June 12. To celebrate the 100th anniversary of the passage of the first workers’ compensation bill in Tennessee, BWC will host a gala at the Embassy Suites in Murfreesboro. “It will be an evening to remember and ... (click for more)

Breaking News

One Of Athens Park Bloods RICO Defendants Gets 27 Months In Federal Prison On Gun Charge

Che'Anthony Cannon has been sentenced to serve 27 months in federal prison after being convicted of being a felon with a gun. Cannon, who is one of the Athens Park Bloods members charged in a RICO conspiracy in state court, appeared before Judge Curtis Collier. On Feb. 18, 2018, Chattanooga Police Department detectives encountered defendant Cannon stepping out of a vehicle ... (click for more)

Woman Says McCallum Choked Her, Threw Her Out Of Moving Car

A woman said she was choked and thrown out of a moving car by a man who was jealous that men flirted with her at a bar. Isaiah Ray McCallum, 28, of 2200 Elder St. was charged with kidnapping, aggravated assault, vandalism and interfering with emergency calls. McCallum had prior charges of assault, vandalism and passing worthless checks. In the incident on May 11, the woman ... (click for more)

Opinion

Insultingly Low Sheriff Salaries Mean We Are Losing Officers And Those Who Stay Must Work Extra Jobs

I reckon it is time for the gloves to come off as negotiations seem to have broken down. I speak for no LE Agency, or LE entity. I speak only for myself, and my family, as a citizen, taxpayer and voter.... As you, Hamilton County Mayor Jim Coppinger and our Hamilton County Commissioners sleep safely at night, there are men and women at the HCSO, wide awake keeping ... (click for more)

Roy Exum: To Do The Right Thing

A couple of weeks ago I wrote a story about the upcoming Hamilton Country budget and how the taxpayers are being asked for a $34 million increase for our public school system. “Why are we throwing more money at a dead horse?” was my question and, based on the weight of email that came in the story’s wake, there is a huge percentage of others who are past “sick and tired” in our ... (click for more)