US lawmakers revive stalled inquiry into copycat collusion

14 August 2019

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Long-time US healthcare reform advocates Elijah Cummings and Bernie Sanders have written letters to several drugmakers in an effort to breathe new life into a 2014 investigation into generic price fixing.

Congressman Cummings, Chair of the House Oversight Committee, and Senator Sanders, a presidential candidate and advocate of “Medicare for all,” have demanded answers from Teva Pharmaceutical (NYSE: TEVA), Mylan (Nasdaq: MYL) and Heritage Pharmaceuticals.

The letters are aimed at renewing a probe into alleged price coordination, which saw the prices of some pharmaceutical products rise by over 8,000% between October 2013 and April 2014.

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