Perrigo Offices Searched by U.S. Agents in Drug Price Probe
- Investigation into possible collusion among generic drug cos.
- Perrigo shares drop 5.1 percent; other drugmakers fall
Trump vs. Big Pharma: Can He Bring Drug Prices Down?
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Perrigo Co.’s offices were searched by Department of Justice agents as part of a wide-ranging U.S. investigation into possible price collusion in the generic drugs business.
The shares slumped Wednesday after the drugmaker said the night prior that the Justice Department’s Antitrust Division served search warrants at its corporate offices. Other generic drug makers that may be part of the probe fell as well. Perrigo, which is run from Allegan, Michigan, but has a legal address in Dublin, didn’t say which offices were searched, or exactly when the search happened.