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Stock impact report

Move Over, Martin Shkreli: This Pharma Exec Is Accused Of Fixing Prices On 107 Drugs [Forbes]

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: Forbes
Move Over, Martin Shkreli: This Pharma Exec Is Accused Of Fixing Prices On 107 Drugs I The Godfather In this case, however, the family was made up of generic-drug makers Teva Pharmaceuticals, Mylan, Actavis, Lupin, Novartis’ Sandoz, Taro Pharmaceuticals and others. On a single day, Friday, April 2014, the scheme hiked the price on 22 generic drugs—ranging from cephalexin, a bacterial infection antibiotic, which jumped 185%, to ketoconazole cream, used to combat athletes foot and jock itch, which jumped 110%, to diflunisal, an anti-inflammatory, up as much as 182%. In annals of marketing, their concerted action was impressive. The move rubbed out price competition and profit erosion in an industry plagued by them—and created a windfall for those in on the game. Details of this vast scheme were recently described in a massive civil lawsuit filed in federal court in Connecticut by 43 states against some 35 members of the pharmaceutical business, including Teva, which has denied wrongdoi Show less Read more
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