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Teva to pay $225M to settle cholesterol drug price-fixing charges

The generic drug maker Teva Pharmaceuticals agreed Monday to pay $225 million to settle price-fixing charges related to sales of a major cholesterol-lowering drug. The U.S. Department of Justice said the agreement also requires Teva to divest its business making and selling the drug, pravastatin, a generic version of the brand-name medicine Pravachol.

Another generic drug maker, Glenmark Pharmaceuticals, agreed to pay a $30 million criminal penalty and to divest its pravastatin business as well.

ALilOff ,

Completely spaced about the Teva pharmaceuticals, was wondering what Teva Sandals were doing making drugs.

RadicalCandour ,

Same exact thought crossed my stoned ass mind.

DoomBot5 ,

The word just translates to “nature” in Hebrew. Generic enough word to be used by multiple businesses.

jeffw ,
@jeffw@lemmy.world avatar

I feel like Teva, for a comparatively smaller manufacturer, gets too many headlines about this kind of shit

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