Pharma and Price Collusion - A Growing Trend

• By: Staff Editor
• Date: November 10, 2016
• Source: http://www.cnbc.com/2016/11/03/doj-examining-role-of-over-12-generic-drug-makers-charges-to-be-filed-by-year-end-report.html

While regulators point out that the key to making profits in the pharmaceutical industry is innovation and breakthrough, they are left investigating an alternative that several industry giants seem to explore - price collusion.

Drug pricing practices in the pharma industry have drawn a lot of flak from various quarters and now lawmakers are turning their attention to this emerging trend. Price hikes at Valeant Pharmaceuticals, Mylan, and others are under close scrutiny, while federal antitrust regulators probe whether Merck & Co Inc, Sanofi SA, Novo Nordisk A/S, and Eli Lilly and Co colluded to fix prices for insulin and other diabetes drugs.