FTC Resolves Price-Fixing Claims Against Pharmacy Group

Law360, New York (November 7, 2012, 4:51 PM EST) -- The Federal Trade Commission has signed off on a settlement with a Puerto Rican pharmacy cooperative resolving allegations that the group made price-fixing agreements to squeeze higher prices out of insurers and benefit managers, the regulator announced Wednesday.

The FTC said it had approved a final order settling charges that Cooperativa de Farmacias Puertorriquenas, also known as Coopharma, facilitated agreements among its member pharmacies that resulted in artificially increased prices for insurers and pharmacy benefit managers.

“The final order prohibits Coopharma from entering into or facilitating...
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