The office of Montana Attorney General Tim Fox announced Monday that Montana has joined 42 other states and Puerto Rico in a lawsuit alleging that manufacturers of generic drugs conspired to inflate prices and squash competition.
A press release briefly laid out the logistics of what Fox’s office deemed a “broad conspiracy” of industry competitors meeting to fix prices on more than 100 drugs, some of which treated HIV, multiple sclerosis and cancer. The suit alleges price increases of more than 1,000% on some drugs and seeks an injunction “remedying the anticompetitive effects” of the alleged action on the industry’s part.
“Montanans have been hit hard by the often shockingly high prices of prescription drugs,” Fox was quoted as saying in the release. “The evidence in this case shows that some of the most well-known generic drug manufactures were involved in a widespread conspiracy to fix prices and divide up market share, with the direct result of harming consumers in need of life-sustaining medicine.”
Twenty manufacturers and 15 executives are named as defendants in the suit, filed Friday in the U.S. District Court of Connecticut.