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Lawmakers accuse drugmakers Mylan, Teva of ‘coordinated obstruction’

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Rep. Elijah Cummings, D-Md.

Bill Clark | CQ Roll Call | Getty Images

U.S. lawmakers on Wednesday accused three major pharmaceutical companies of “coordinated obstruction” and “apparent efforts to stonewall” an investigation on generic drug prices launched in 2014.

Chairman of the House Committee on Oversight, Elijah Cummings, D-Md., along with Sen. Bernie Sanders, I-Vt., sent letters to Mylan, Teva Pharmaceutical and Heritage Pharmaceuticals asking them to turn over documents, according to a joint statement Wednesday.

Shares of Mylan and Teva Pharmaceutical were each down roughly 8% on Wednesday.

Democrats, who regained control of the House this year, listed lowering prescription drug costs…



Source cnbc.com

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