Top Indian drug makers accused of fixing prices, under lens in USA

  • At least seven Indian drug makers have been named in a US lawsuit that accuses Israel’s Teva Pharmaceutical Industries Ltd of orchestrating a conspiracy to raise medicine prices. As a result, Indian pharma stocks declined in Mumbai on Monday. BSE’s healthcare index fell 3.53% to 13,310.47 points. The lawsuit accuses 20 drug makers of conspiring to inflate prices of more than 100 different drugs. Sun Pharmaceutical Industries Ltd and Dr Reddy’s Laboratories Ltd, Aurobindo Pharma Ltd, Glenmark Pharmaceuticals Ltd, Lupin Ltd, Wockhardt Ltd and Zydus Pharma are among the Indian drug makers being named in the lawsuit.