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May
30
ragupathyrenganathan
Sun Pharma gets US subpoena over pricing
Pharma News
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Mumbai:
TIMES NEWS NETWORK
Sun Pharma has said its US subsidiary has received a grand jury subpoena from the US Department of Justice’s antitrust division related to generic products and pricing in the US market.The summons also sought documents from Sun Pharmaceuticals about communications with competitors and others regarding the sale of generic drugs, along with corporate and employee records, the company said in a BSE filing on Saturday .

Sun Pharma is responding to the Justice Department’s subpoena, and the outcome of the inquiry was unlikely to have any adverse material impact on operations or financial results, it added. This comes even as there’s been public outcry and congressional scrutiny in US over price increases for prescription drugs, including many older, off-patent medications, that are putting them out of reach for many patients, and increasing the burden on healthcare budgets.



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