Generic drugmaker Teva indicted in alleged price-fixing conspiracy leading consumers to be overcharged by $350M

Money pile and medicine pills representing medical expenses

The charges, filed in Philadelphia federal court, allege that Teva conspired with four other generic drug companies to fix prices, rig bids and allocate customers. Teva – which the Justice Department and New York’s state government also sued this month for unrelated allegations – said it rejected the allegations.