It's the latest resolution in a string of cases related to price-fixing, referring to competitors banding together to artificially set the price of a product.
It's the latest resolution in a string of cases related to price-fixing, which refers to competitors banding together to artificially set the price of a product.
"Today, the Antitrust Division and our law enforcement partners hold two more pharmaceutical companies accountable for raising prices of essential medicines and depriving Americans of affordable access to prescription drugs," Jonathan Kanter, assistant attorney general of the DOJ's antitrust division, said in a release.
Teva has also agreed to donate $50 million worth of two generic drugs affected by price-fixing to humanitarian organizations that provide medications to Americans in need. The company said during an earnings call earlier this month said it hasRepresentatives for Teva and Glenmark did not immediately respond to CNBC's request for comment.
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