us.-to-charge-teva-in-generic-drugs-price-fixing-probe-–-source

U.S. to charge Teva in generic drugs price-fixing probe – source

FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news conference in Tel Aviv

The decision follows Teva’s refusal to agree to a settlement that would have required paying a criminal penalty and admitting wrongdoing, the person https://bit.ly/32qtltO said.

Bloomberg Law was first to report the expected lawsuit.

Teva earlier declined to comment on the Bloomberg Law report.

The Justice Department has been investigating allegations the company colluded with other drugmakers to push up the prices of widely used pharmaceuticals, including a high cholesterol drug. Lawyers for Teva had met with Justice Department officials in the spring to discuss a potential settlement, but Teva walked away from the talks in April, the New York Times reported in May.

(Reporting by Diane Bartz in Washington and Mrinalika Roy in Bengaluru; Editing by Paul Simao and Leslie Adler)

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