Suit: Generic drug makers used code to fix price increases - (This is Money via NewsPoints Desk)

  • The attorneys general of more than 40 states have accused generic drugmakers including Teva of using code words to coordinate with competitors to divvy up the generic drug market and raise prices, as reported This Is Money Monday.

  • In the lawsuit filed in Connecticut last month, states claim that company representatives used phrases such as "playing nice in the sandbox" and "fluff pricing" in communication with each other.

  • According to Connecticut Attorney General William Tong, the firms aimed to artificially inflate prices, hinder competition and restrain trade.

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