Pharmacies sue drugmakers for overcharging diabetes pill

[babylonsister]

https://www.axios.com/pharmacies-lawsuit-bausch-valeant-antitrust-glumetza-7997aa52-ca00-40f3-b527-59012e6cccaf.html

Bob Herman
2 hours ago
Pharmacies sue drugmakers for overcharging diabetes pill

Walgreens and three other pharmacy chains are suing drugmaker Bausch Health, its subsidiaries and a separate generic drugmaker for allegedly colluding on a deal that allowed the brand-name companies to maintain a longer monopoly of the diabetes drug Glumetza. The alleged deal resulted in those companies jacking up the price of the drug from $350 to more than $3,000 for a 30-day supply.

Why it matters: When combined with similar lawsuits from employer groups, the suing parties are looking to recoup more than $10 billion in overcharges from this antitrust case — another in a long line of infamous "pay-for-delay" deals over generic drugs. Bausch has said it intends "to vigorously defend these matters."

[BSdetect]

1. These companies that exploit ought to be stopped from doing this.

They spend more on lobbying than lowering prices.

[Hermit-The-Prog]

2. GOP policies favor monopolies

[crickets]

3. This. Why not just skip the lobbying costs, concurrently lower the prices so people can

afford the medicines they need in order to live, and then the companies can make a profit without being such sociopa-

oh.

Long way of saying: agreed.