Schneidermen: Drug company lied about life-saving medication
September 23, 2016
As published by the NY Post on September 23, 2016.
A company that makes drugs for treating heroin addicts was sued on Thursday by New York Attorney General Eric Schneiderman and 36 other prosecutors for allegedly trying to monopolize the market for the life-saving medicine and illegally boost their profits.
Indivior, a UK-based drug company, tried to delay generic alternatives of Suboxone pills so it could sell the drug in dissolvable strips in 2007, according to the suit filed in Philadelphia federal court.
In order to keep the cheaper pills from coming to market, Indivior allegedly made false claims that the medicine could endanger children’s safety if it’s in pill form, the suit claims.
“My office will not permit drug companies to engage in anti-competitive conduct that unlawfully extends their monopolies — and their monopoly profits — on drugs,” Schneiderman said in a statement.
Last year, Indivior reported $1 billion in Suboxone sales, down 8 percent from 2014.