Lupin reviews details of US lawsuit on drug price manipulation

"We have received a copy of the lawsuit filed against the generic drug manufacturers and are reviewing details of the same," Lupin Ltd said in a regulatory filing.

New Delhi: Drug maker Lupin said on Wednesday that it is reviewing the details of a lawsuit filed in a US court accusing 21 generic medicine producers of hatching a conspiracy to fix prices.

"We have received a copy of the lawsuit filed against the generic drug manufacturers and are reviewing details of the same," Lupin Ltd said in a regulatory filing.

"The company has been a key pharmaceutical player in the US and has demonstrated full commitment to compliance with all laws and ethical business practices," it added.

Also Read: Inflated prices to 1000 per cent; Lupin, Sun Pharma, Dr Reddys, others face lawsuit

The Mumbai-based drug firm along with various other domestic companies like Sun Pharma, Dr Reddy's Laboratories and Wockhardt are among the 21 generic pharmaceutical firms and 15 other individual defendants against whom the Attorneys General of 49 US states, the Commonwealth of Puerto Rico and the District of Columbia had filed a complaint with respect to 116 generic drugs in the US District Court for the District of Connecticut.

The companies have been accused of violating antitrust laws by fixing prices and allocating customers.

Also Read: Sun pharma, Dr Reddys, others deny allegations of price fixing in US