Missouri joins price-fixing lawsuit against generic drug companies

1 year 2 months 4 weeks ago Monday, May 13 2019 May 13, 2019 Monday, May 13, 2019 5:39:00 PM CDT May 13, 2019 in News
By: Ethan Stein, KOMU 8 Reporter
loading

MEXICO - Missouri Attorney General Eric Schmitt announced on Monday the state will join a lawsuit against 20 generic drug makers accused of a price fixing scheme.

The lawsuit claims Teva Pharmaceuticals, Pfizer and 18 other generic drug companies fixed prices for more than 100 different generic drugs by coordinating prices with their competitors.

The attorney general's office said, in some instances, the coordinated price increases were more than 1,000%.

Schmitt's office called the accusations "one of the most damaging and far-reaching price fixing schemes in modern history".

“By joining this lawsuit, we’re sending a clear message to pharmaceutical companies: if you harm any of the 6 million people that call Missouri home, we will pursue action and hold you accountable for your actions," Schmitt said.

Missouri joins 43 other states in the lawsuit, led by Connecticut. The lawsuit also names as defendants 15 individual senior executives from different pharmaceutical corporations.

Teva Pharmaceuticals has a manufacturing plant in Mexico, Missouri. It makes penicillin sephalosporin-based antibiotics, which serve as the active ingredient in generic drugs. 

KOMU 8 News reached out to Teva multiple times but was not able to get through.

The plant manager said the lawsuit will not affect operations there.

Jim Zonek, who lives near the Teva Manufacturing Plant, said increases to drug prices are a balancing act between profit and affordability.  

He said there are some manufactures who are taking advantage of consumers, but there needs to be an incentive for creating the product. 

"I think there are some manufacturers who are gouging them, Zonek said. "They are just looking for a quick way to make money so their raising their prices way to high."

More News

Grid
List
The COVID-19 pandemic has made access to mental health resources difficult, and for children with impulse control disorders, the changes... More >>
36 minutes ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 9:50:00 AM CDT August 11, 2020 in A Brighter Tomorrow
COLUMBIA — A home invasion in north Columbia sent one woman to the hospital early Tuesday morning. CPD Detective... More >>
4 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 6:21:00 AM CDT August 11, 2020 in News
COLUMBIA — Columbia's Board of Education voted Monday night to delay the start of the 2020-2021 school year. ... More >>
12 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 9:36:00 PM CDT August 10, 2020 in News
President Donald Trump was abruptly escorted out of a White House press conference on Monday after shots were fired outside... More >>
16 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 6:06:00 PM CDT August 10, 2020 in News
MISSOURI — As COVID-19 continues to spread throughout Missouri, state and local officials confirm new case counts daily. This... More >>
16 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 5:30:00 PM CDT August 10, 2020 in News
Columbia - Watch live as the Board of Education considers three different proposals from the school district for the start... More >>
17 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 5:24:00 PM CDT August 10, 2020 in News
COLUMBIA - The National Weather Service issued a flash flooding warning for Boone County as heavy rains continue until 9:45... More >>
17 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 5:11:00 PM CDT August 10, 2020 in News
COLUMBIA - One person is suffering life-threatening injuries after a crash on I-70 on Monday. The crash occurred around... More >>
17 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 4:45:00 PM CDT August 10, 2020 in News
JEFFERSON CITY — Gov. Mike Parson expanded his special session to include a new provision regarding the backlog of murder... More >>
17 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 4:32:00 PM CDT August 10, 2020 in News
COLUMBIA —It's not a surprise that back to school preparations might look different this year. For some teachers, this... More >>
17 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 4:28:00 PM CDT August 10, 2020 in News
COLUMBIA – Commissioners of the power 5 conferences, (The ACC, Big 12, Pac-12 and SEC) met Sunday to discuss potential... More >>
19 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 3:17:00 PM CDT August 10, 2020 in News
COLUMBIA - Police arrested two people in suspected connection with a Sunday night burglary. Columbia police responded to a... More >>
19 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 3:07:17 PM CDT August 10, 2020 in News
COLUMBIA - Boone County's public health staff have a plan for contact tracing in the upcoming school year According... More >>
19 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 2:43:00 PM CDT August 10, 2020 in News
JEFFERSON CITY — Missouri's Department of Health and Senior Services issued licenses to four new medical marijuana facilities. The... More >>
19 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 2:41:31 PM CDT August 10, 2020 in News
Ferguson, MO (KMOV) -- Sunday marks six years since 18-year-old Micheal Brown was killed in Ferguson. His death not only... More >>
19 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 2:28:00 PM CDT August 10, 2020 in News
CAPE GIRARDEAU (AP) — A 34-year-old man who police say held his 11-month-old son hostage while standing on a Missouri... More >>
20 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 2:23:36 PM CDT August 10, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. You can... More >>
22 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 12:22:00 PM CDT August 10, 2020 in News
(CNN) -- Lebanon's government stepped down on Monday night, less than a week after a massive explosion in Beirut killed... More >>
22 hours ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 11:56:00 AM CDT August 10, 2020 in News
Columbia, MO
Broken Clouds 75°
11am 77°
12pm 80°
1pm 82°
2pm 83°