InvestorQ : What is the lawsuit that Indian pharma companies like Sun, Lupin and Aurobindo are up against in the US?
Deepa Salunkhe made post

What is the lawsuit that Indian pharma companies like Sun, Lupin and Aurobindo are up against in the US?

Answer
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Juvina Maggie answered.
3 months ago


This pertains to an alleged conspiracy to artificially inflate and manipulate prices of drugs. Aurobindo, Sun and Lupin are among the 26 pharma companies facing a lawsuit filed by the Maryland Attorney General. The lawsuit has sought damages, civil penalties as well as action by the court to restore competition in the generic drugs market. However, the seriousness will largely depend on how COVID-19 pans out. This is possibly the largest cartel case in the pharma industry in the US.