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Investigation of generic ‘cartel’ expands to 300 drugs

BarnacleBob

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Investigation of generic ‘cartel’ expands to 300 drugs

Executives at more than a dozen generic-drug companies had a form of shorthand to describe how they conducted business, insider lingo worked out over steak dinners, cocktail receptions and rounds of golf.

The “sandbox,” according to investigators, was the market for generic prescription drugs, where everyone was expected to play nice.

“Fair share” described dividing up the sales pie to ensure that each company reaped continued profits. “Trashing the market” was used when a competitor ignored these unwritten rules and sold drugs for less than agreed-upon prices.

https://www.washingtonpost.com/busi...900e80-f708-11e8-863c-9e2f864d47e7_story.html
 

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Read this in the local paper earlier today. Worth your time.