US Price Fixing Probe Piles Pressure On Indian Generics Sector

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.

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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.

The probe has further increased the pressure on the Indian industry, which is already feeling the strain from US regulatory

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