George Jepsen

20 states sue 6 makers of generic drugs, alleging conspiracies to manipulate prices

Six makers of generic drugs artificially inflated and manipulated prices to reduce competition for an antibiotic and oral diabetes medication, 20 state attorneys general said in a federal lawsuit filed Thursday.

Connecticut Atty. Gen. George Jepsen, whose office began its investigation more than two years ago into price increases of certain generic medications, said his staff “developed compelling evidence of collusion and anti-competitive conduct” among many companies that manufacture and market generic drugs.

Jepsen called Heritage Pharmaceuticals “the principal architect of the conspiracies” but said he had evidence of “widespread participation in illegal conspiracies...

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