Ex-Sandoz executive pleads guilty in U.S. generic drug price-fixing scheme - (Yahoo!News via NewsPoints Desk)

  • Hector Armando Kellum, a former executive of Novartis' Sandoz unit, pleaded guilty to participating in a scheme to fix prices for generic medicines, as reported in Yahoo!News.

  • The US Department of Justice said Kellum had pleaded guilty to working to fix the prices of clobetasol, used to treat eczema and psoriasis, and nystatin triamcinolone cream, an anti-fungal drug that also has a corticosteroid.

  • The government said one of Kellum's alleged co-conspirators was Ara Aprahamian, a former sales and marketing executive at Taro Pharmaceutical, who was also indicted for price-fixing and bid-rigging.

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