US Price Fixing Probe Piles Pressure On Indian Generics Sector

11 Jan 2017

• By Penelope MacRae

A broad US investigation into price-fixing allegations could have sobering implications for the price-setting powers and revenues of Indian generic pharmaceutical firms in the US, a top Indian credit rating agency predicts.

A number of Indian-owned generic pharmaceutical companies have been caught up in a sweeping US anti-trust investigation into price-fixing, bid-rigging and other anticompetitive behavior, amid mounting public anger over soaring drug bills.

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