Tobacco Lawyers Target Drug Makers
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Lawyers who took on the tobacco industry are teaming up to file lawsuits alleging that drug makers inflated prices, according to an analyst’s report.
Pharmaceutical companies including Eli Lilly & Co., Abbott Laboratories and Schering-Plough Corp. are under attack from state governments and consumer groups that claim government heath-insurance programs pay too much for drugs.
Attorney Dick Scruggs, who filed the first state lawsuit against tobacco companies, formed a consortium to file against drug makers, said a report by Barbara Dreyfuss and Tim Anderson, Prudential Securities analysts. Almost every big drug maker can expect subpoenas by mid-2002, the report said.
The Scruggs consortium plans to file on behalf of states. Scruggs’ Pascagoula, Miss., law firm said he wasn’t available for comment.
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