California Attorney General Rob Bonta announced in a press conference that his office is filing a lawsuit against Eli Lilly (LLY), Novo Nordisk (NVO) and Sanofi (SNY) over insulin prices in the state. The suit also claims pharmacy benefit managers, or PBMs, CVS Caremark (CVS), Express Scripts (CI), and OptumRx (UNH) "have leveraged their market power to overcharge patients," according to Bonta. Reference Link
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on LLY:
- Arvinas downgraded to Neutral at Guggenheim on rising ARV-471 risks
- Altimmune appoints Jordt as Chief Business Officer
- Eli Lilly price target raised to $400 from $395 at Barclays
- ProQR Therapeutics price target raised to $5 from $2 at Raymond James
- ProQR Therapeutics shares remain ‘fairly valued,’ says JMP Securities