LANSING (WKZO AM/FM) — Attorney General Dana Nessel has joined a lawsuit with 44 other states charging the nation’s biggest Generic Drug firms, including Pfizer, and their subsidiary, Greenstone, with conspiring to jack up prices on more than 100 drugs, some as high as 1,000%.
The suit also names 15 high ranking executives in the firms as co-defendants.
“Each day, people across the U.S. turn to generic drugs as an affordable alternative to name-brand medication,” Nessel said. “Michigan patients count on drug manufacturers to keep their prices affordable for life-saving medications. And when they don’t, when they collude to raise prices and line their pockets at the expense of the health and well-being of our residents, my office will hold them accountable.”
Pfizer issued a statement over the weekend denying any wrongdoing and saying they will vigorously defend against the claims.
Allegan based generic drug maker Perrigo was not among the firms named in the suit.
The class-action lawsuit alleges the firms have cost patients and insurers billions.
