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Teva Maintains Innocence After DoJ Price Fixing Charge

Consumers Allegedly Overcharged By $350m

 
• By Dean Rudge

Teva has insisted it “did not participate in price fixing,” after being charged by the US Department of Justice with conspiring to fix prices for generic medicines, resulting in consumers being “allegedly overcharged at least $350m.”

Washington DC, USA-June 5, 2018: Robert F Kennedy Department of Justice building entrance "The Place of Justice is a Hallowed Place" engraved in stone above the door
Teva has "firmly rejected" the DoJ's allegations • Source: Shutterstock

Teva Pharmaceutical Industries Ltd. has accused the US Department of Justice of showing an “unwillingness to consider alternatives that would not deeply impact Teva and the stakeholders who depend on the company,” after being charged with conspiring to fix prices, rig bids, and allocate customers for generic medicines in the US.

The Israeli giant – which became the seventh company to be charged in the DoJ’s the price-fixing investigation – is alleged to have participated in three schemes with other generic manufacturers, from

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• By Dave Wallace

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