US prosecutors clamp down on Big Pharma companies colluding to hike ‘generic’ drug prices

‘Finally, the Obama Justice Department is getting something right.
As reported by Zero Hedge, stocks for generic drug makers began to collapse in recent days, after news broke that the Justice Department’s investigation into collusion and dramatic price increases will result in the first charges being brought by the end of this year.
Other news reports noted that prosecutors have begun to close in on generic Big Pharma companies, following a sweeping criminal investigation into what is believed to be massive drug price collusion. It’s the latest assault against an industry that has been hard hit in recent years, after public outrage over the dramatic price increases of some medications, including a few that have been on the market for decades.’
Read more: US prosecutors clamp down on Big Pharma companies colluding to hike ‘generic’ drug prices