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Stock impact report

Investigation of generic ‘cartel’ expands to 300 drugs [MSN Money]

Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) 
Last teva pharmaceutical industries limited american depositary shares earnings: 2/13 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.tevapharm.com
Company Research Source: MSN Money
© Pablo Martinez Monsivais/AP Mylan CEO Heather Bresch Mylan, testifying on Capitol Hill in 2016, faced public scrutiny for her company raising the price of its EpiPen by about 500 percent. Executives at more than a dozen generic-drug companies had a form of shorthand to describe how they conducted business, insider lingo worked out over steak dinners, cocktail receptions and rounds of golf. The “sandbox,” according to investigators, was the market for generic prescription drugs, where everyone was expected to play nice. Load Error “Fair share” described dividing up the sales pie to ensure that each company reaped continued profits. “Trashing the market” was used when a competitor ignored these unwritten rules and sold drugs for less than agreed-upon prices. The terminology reflected more than just the clubbiness of a powerful industry, according to authorities and several lawsuits. Officials from multiple states say these practices were central to illegal Show less Read more
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