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    Novartis to fight US price-fixing claims against Sandoz unit

    Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2019-05-14T09:15:03+05:30  |  Updated On 14 May 2019 9:15 AM IST
    Novartis to fight US price-fixing claims against Sandoz unit

    ZURICH: Novartis on Monday said claims of price fixing against its Sandoz generics unit amid a U.S. probe of 20 drugmakers are without merit, with the Swiss company vowing to fight allegations in a lawsuit filed last week.


    "We believe that these claims are without merit and will vigorously contest them," Novartis said. "Sandoz takes its obligations under the antitrust laws seriously.


    Read Also: Novartis pitches discounts on pricey gene therapy for deadly muscle disorder: Report


    We will continue to be committed to providing high-quality, affordable medicines to U.S. patients, and conducting business with customers and the government with integrity."


    The 500-page lawsuit, filed by U.S. states on Friday, contends drugmakers conspired to inflate drug prices, sometimes by more than 1,000% or more, as well as stifle competition.


    Read Also: Novartis buys Takeda dry eye drug Xiidrafor for $3.4 billion

    affordable medicinesNovartisobligationsprice fixingSandozSandoz genericsUnited StatesvigorouslyZURICH
    Source : Reuters

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    Medical Dialogues Bureau
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      Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in. Check out more about our bureau/team here

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