© 2024 Connecticut Public

FCC Public Inspection Files:
WPKT · WRLI-FM · WEDW-FM · Public Files Contact
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Connecticut AG: Generic Drug Companies 'Brazenly Colluding' To Manipulate Market

Frankie Graziano
Connecticut Public Radio
Connecticut Attorney General William Tong said that the generic drug industry is profiting "in a highly illegal way" from Americans and he's at the forefront of a lawsuit that could hold defendants accountable for it.

Connecticut is leading a major effort to hold generic drug manufacturers responsible for the rising cost of pharmaceuticals.

Attorneys general from 44 states are suing members of that industry for the manipulation of prices for 114 different generic drugs.

“We have emails, text messages, phone records, in-person meetings, cooperating witnesses that demonstrate conclusively and without a doubt that the major drug manufacturers including the largest generic drug manufacturer in the world, Teva, are openly and brazenly colluding on price and they’re dividing up market share,” said Connecticut Attorney General William Tong.

A spokesperson for Teva Pharmaceutical Industries told Connecticut Public Radio that the company denies that it has done anything “that would lead to civil or criminal liability.”

Tong said there’s no timetable on when the lawsuit will be resolved, but he said he hopes it will help consumers understand why healthcare and prescription drugs are so expensive – in his view, the market is rigged.

Frankie Graziano is the host of The Wheelhouse, focusing on how local and national politics impact the people of Connecticut.

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.

Related Content