Were you impacted by Teva's soaring cost of Copaxone? If you're a concerned health insurer, employer, or labor union contact us for help.
Teva Pharmaceutical Industries (“Teva”), the maker of the multiple sclerosis drug Copaxone, allegedly boosted the drug’s price tag from $17,000 to $73,000 per year—turning an already pricy medication into a completely inaccessible one for many. If you’re concerned that you’ve been paying too much for Copaxone, Keller Rohrback wants to hear from you. Please contact us at 800-776-6044 or [email protected] to discuss your potential legal claims.
The release of a generic version of a medication often lowers prices for patients and insurers alike, but that is the opposite of what happened when a generic version of Copaxone launched in 2015. According to a drug policy study at Oregon Health & Science University, the introduction of generic Copaxone (also known as glatiramer acetate) caused the price of Copaxone to increase immediately.
Part of the reason for this significant price increase is the fact that a year and a half before the generic Copaxone was approved, Teva introduced a new version of the drug that diminished the impact the new generic could have; by introducing a 40-milligram version of the drug, many patients could not immediately start using the generic due to the difference in dosing. This is a common tactic used by brand name pharmaceutical companies to ensure that patients and their insurance companies continue paying extremely high prices for medications they desperately need. In the case of Teva, this tactic raised the price by over four times its original cost.
If you are a health insurer or an employer or labor union who sponsors a self-funded health plan and were impacted by Teva’s actions and the sky-high cost of Copaxone, please contact our consumer protection team at [email protected], (800) 776-6044, or by using the secure form on this page.
About Keller Rohrback
Keller Rohrback is a leading consumer protection firm with a history of holding drug companies accountable for skyrocketing prescription costs. With offices in Seattle, Phoenix, New York, Santa Barbara, Oakland, and Missoula, our Complex Litigation Group is proud to offer its experience to clients nationwide. Our trial lawyers serve as lead and co-lead counsel in class actions throughout the country and have obtained judgments and settlements in excess of $23.25 billion.
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