provide one page memorandum detailed explanation and justification of your answers or decisions that you are asked to make. This is not a research paper, be as specific and as brief as possible. Keep the discussions to the point so that the memorandum is convincing and clear as to why you provide these specific answer or make these specific decisions. Also, no quoting, make sure that you use your own words. Make sure that you provide appropriate references when writing the paper(appropriately quoting).
the article is attached,
below is the article , please note provide one page memorandum detailed explanation and justification of your answers or decisions that you are asked to make. This is not a research paper, be as specific and as brief as possible. Keep the discussions to the point so that the memorandum is convincing and clear as to why you provide these specific answer or make these specific decisions. Also, no quoting, make sure that you use your own words. Make sure that you provide appropriate references when writing the paper(appropriately quoting). U.S. Charges in Generic-Drug Probe Said to Be Filed in 2016 (4) 2016-11-04 00:19:35.438 GMT
By David McLaughlin and Caroline Chen (Bloomberg) -- U.S. prosecutors are bearing down on generic pharmaceutical companies in a sweeping criminal investigation into suspected price collusion, a fresh challenge for an industry that’s already reeling from public outrage over the spiraling costs of some medicines. The antitrust investigation by the Justice Department, begun about two years ago, now spans more than a dozen companies and about two dozen drugs, according to people familiar with the matter. The grand jury probe is examining whether some executives agreed with one another to raise prices, and the first charges could emerge by the end of the year, they said. Though individual companies have made various disclosures about the inquiry, they have identified only a handful of drugs under scrutiny, including a heart treatment and an antibiotic. Among the drugmakers to have received subpoenas are industry giants Mylan NV and Teva Pharmaceutical Industries Ltd. Other companies include Actavis, which Teva bought from Allergan Plc in August, Lannett Co., Impax Laboratories Inc., Covis Pharma Holdings Sarl, Sun Pharmaceutical Industries Ltd., Mayne Pharma Group Ltd., Endo International Plc’s subsidiary Par Pharmaceutical Holdings and Taro Pharmaceutical Industries Ltd. All of the companies have said they are cooperating except Covis, which said last year it was unable to assess the outcome of the investigation. “Teva is not aware of any facts that would give rise to an exposure to the company with respect to these subpoenas,” Teva spokeswoman Denise Bradley said in an e-mail. “To date, we know of no evidence that Mylan participated in price fixing,” Mylan spokeswoman Nina Devlin said in an e-mail. Mayne continues to cooperate with the Justice Department and believes the investigations will not have a material impact on its future earnings, the company said in a statement on Thursday. Allergan, Impax and Sun declined to comment beyond their filings. Representatives of Endo, Covis, Taro and Lannett didn’t respond to requests for comment. A Justice Department spokesman declined to comment. Shares of all companies named in the investigation fell on the news. Lannett dropped 27 percent to close at $17.25 in New York trading. Impax fell 20 percent to $16.50. Endo declined 19 percent to $14.63, while Teva slipped 9.5 percent to $39.20, Allergan fell 4.6 percent to $188.82 and Mylan fell 6.9 percent to $34.14. Shares of Concordia International Corp., which bought most of Covis’s assets, fell 5.6 percent to 4.37 Canadian dollars. Taro shares fell 7.3 percent to $93.68. Sun shares do not trade on U.S. exchanges. Mayne’s shares fell 12 percent at A$1.50 at 11 a.m. Sydney time.
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