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Perrigo Offices Searched in Generics Price Collusion Probe

May 03, 2017

Bloomberg

Perrigo says its corporate offices were searched by the Justice Department’s Antitrust Division as part of a probe into possible price collusion involving generic drugs.

Perrigo's U.S. operations are headquartered in Michigan but its official legal address is in Dublin; the drugmaker did not disclose which offices were searched.

The probe is part of a larger ongoing Justice Department investigation into alleged collusion among drug companies to set prices artificially high. About a dozen companies have disclosed they’ve received subpoenas related to drug pricing and are cooperating, including Mylan, Endo International, Lannett Co. and Teva Pharmaceuticals.

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