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Teva CEO Schultz: Only ‘Worst Cartel In History’ Would Cause Lower Prices

As US District Court Leans Towards Removing Focus On Teva In Civil Case

 
• By Dean Rudge

Facing civil and criminal charges over alleged price fixing in the US, Teva looks to have succeeded in removing itself from the spotlight in the civil proceedings, having previously been selected as a priority for trial. CEO Kåre Schultz weighed in on the latest development.

Dollars
Teva found itself at the center of MDL regarding an alleged industry-wide conspiracy to fix generic prices • Source: Shutterstock

Teva’s president and CEO Kåre Schultz has suggested that only the “worst cartel in history” would be responsible for generic drug prices in the US being lower than in Europe, per the findings of a recent RAND Corporation report, amid a potentially significant change in multi-district litigation for alleged generic drug price fixing involving the Israeli firm.

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