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Lawmakers accuse drugmakers Mylan, Teva of ‘coordinated obstruction’

Stock Market News by Stock Market News
August 14, 2019
in Business
1 min read
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Lawmakers accuse drugmakers Mylan, Teva of ‘coordinated obstruction’
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Rep. Elijah Cummings, D-Md.

Bill Clark | CQ Roll Call | Getty Images

U.S. lawmakers on Wednesday accused three major pharmaceutical companies of “coordinated obstruction” and “apparent efforts to stonewall” an investigation on generic drug prices launched in 2014.

Chairman of the House Committee on Oversight, Elijah Cummings, D-Md., along with Sen. Bernie Sanders, I-Vt., sent letters to Mylan, Teva Pharmaceutical and Heritage Pharmaceuticals asking them to turn over documents, according to a joint statement Wednesday.

The lawmakers said they decided to open an investigation following findings in a lawsuit filed by 44 states in May that accused the drugmakers and others of inflating drug prices and stifling competition for generic drug versions.

“Not only did your company’s apparent obstruction undermine our investigation, but it may have caused further harm to patients and health care providers by delaying the discovery of evidence about the companies’ price-fixing,” Cummings and…



Source cnbc.com

Tags: accusecoordinateddrugmakerslawmakersMylanobstructionTeva

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