States Sue Drugmakers Over Alleged Generic-Price-Fixing Scheme
A new lawsuit brought by 44 states and Puerto Rico alleges an "industrywide" conspiracy by generic drug manufacturers to collude on prices and divide up the market.
Connecticut Attorney General William Tong has a skin condition called rosacea, and he says he takes the antibiotic doxycycline once a day for it.
In 2013, the average market price of doxycycline rose from $20 to $1,829 a year later. That's an increase of over 8,000%.
Tong alleges in that this kind of price jump is part of an industrywide conspiracy to fix prices.
