Brian Higgins: “Last week, 44 attorneys general filed a lawsuit in Federal court against 20 generic drugmakers, alleging market…”

“Last week, 44 attorneys general filed a lawsuit in Federal court against 20 generic drugmakers, alleging market manipulation and price-fixing. The American people's tax dollars are invested in unprofitable basic research that is essential to bringing highly profitable drugs to market. The United States Government is also a huge purchaser of these generic drugs. In some cases, it is alleged that one company sets the price of a drug and the others follow, without the cost-cutting influence of competition. All of this resulted in billions of dollars in harm to patients and the U.S. economy. Congress must stop this price-fixing scheme and will vote this week to approve legislation to end this price-fixing and market manipulation perpetuated by these generic drugmakers. ____________________”