DOJ’s Generic Drug Criminal Probe Snares Ex-Sandoz Exec
Law360 (February 14, 2020, 5:51 PM EST) -- The U.S. Department of Justice signaled a major escalation Friday in its ongoing criminal probe of price-fixing among generic drug companies, announcing the guilty plea of a former Sandoz executive in the first instance of a major industry player being directly implicated.
Hector Armando Kellum pled guilty to a single count of conspiracy to restrain trade through a scheme "to fix prices, rig bids, and allocate customers for generic drugs," the DOJ said, making him the fourth executive charged in the department's ongoing criminal probe and the third to plead guilty.
But Kellum is also a first: Where previous executives came from fairly small generic...
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