Minnesota joins lawsuit against generic drug manufacturers
ST. PAUL, Minn. (AP) — Minnesota is joining dozens of other states in suing generic drug manufacturers over prices.
Minnesota Public Radio reports the lawsuit alleges that nearly two dozen drug companies reached tacit agreements to divide up the drug market and push prices higher to increase revenue. Generic drugs are copies of name-brand medications that are often prescribed as lower-cost alternatives.
Minnesota Attorney General Keith Ellison says high prescription drug prices are one of the chief complaints his office is getting. University of Minnesota pharmacy professor and drug economist Stephen Schondelmeyer says it’s affecting a lot of Minnesotans.
It’s the second wave of such lawsuits. Drug makers have been fighting the allegations in court since 2016, and they have denied wrongdoing in the latest case. It was filed in federal court in Connecticut last week.