Texas Attorney General Ken Paxton has filed a lawsuit against several major insulin manufacturers and pharmacy benefit managers (PBMs), alleging a conspiracy to inflate insulin prices.
The lawsuit targets pharmaceutical companies such as Eli Lilly And Co (NYSE:LLY) and PBMs, including Cigna Corp's (NYSE:CI) Express Scripts and CVS Health Inc's (NYSE:CVS) CVS Pharmacy, accusing them of engaging in an unlawful scheme to raise insulin prices.
Also Read: US Federal Trade Commission Sues CVS Health, Cigna, UnitedHealth's Pharmacy Benefit Managers For Inflating Insulin Prices.
According to the lawsuit, ...