Accusations of Colluding to Raise Generic Drug Prices Leads to 16% Dip In Teva Pharmaceutical Stock
On Monday, US traded Teva Pharmaceutical shares plunged over 16% after 44 states accused the company of orchestrating sweeping schemes with 19 other drug manufacturers for inflation of prices. Shares of Mylan, a drug-making company, also traded 10% lower during afternoon trading. The lawsuit that was filed by 44 states during late hours of Friday
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