MBJ_Dec21_2018

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INSIDE — Mississippi technology company aids in disaster recovery — Page 2 EVENTS

2018

www.msbusiness.com

GENERIC DRUGS LEAVE YOU FEELING GOUGED?

Nonprofit Awards of Mississippi — Section begins page 7

MBJ FOCUS

Economic Development {Section begins P19}

» Ingalls Shipbuilding lands major contracts to continue being a state economic driver » Angela Curry creating opportunities for people in the Mississippi Delta

{The List P21}

» Largest Economic Development Projects

{P22}

» Police, fire wear maker moving from Oxford to Batesville, adding 150 jobs

December 21, 2018 • Vo. 40 No. 51 • 24 pages

» You may have price-fixing to blame By TED CARTER mbj@msbusiness.com Talk often turned to price-fixing whenever leaders of generic drug companies gathered a half dozen or so years ago, say Mississippi’s attorney general and attorneys general of 46 other states. The result: Mississippians and residents of the other states paid artificially inflated prices for generic drugs and continue to do so, say the states in a lawsuit first filed by Connecti-

cut Attorney General George Jepsen in 2016. Mississippi and the other states joined the suit last year. The suit initially focused on only two drugs and a handful of leading generic drug manufacturers – Heritage Pharmaceuticals, Aurobindo Pharma USA, Citron Pharma, Mayne Pharma (USA), Mylan Pharmaceuticals, and Teva Pharmaceuticals USA. Today, the suit involves at least 16 companies and 300 prescription drugs. The Washington Post reported in early Decem-

ber that the lawsuit and related cases picked up steam the previous month when a federal judge ruled that more than 1 million emails, cellphone texts and other documents cited as evidence could be shared among all plaintiffs. The leader of the suit, Connecticut’s Jepsen, predicted in an emailed statement there is plenty more to come beyond the 300 drugs and number of companies so far involved. This, the email from Jepsen’s office said, is but “the tip of the iceberg in terms of the scope of this industry-wide investigation.” With the alleged collusion, the states say, makers of generic drugs created a “cartel” that

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See GENERIC, Page 4


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