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Notes: City of Alexandria suing drug companies and distributors over allegedly artificially inflating drug prices

Good Thursday morning, Alexandria!

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CVS at 415 E. Monroe Avenue on Saturday, May 27, 2023 (staff photo by James Cullum)

The City of Alexandria is suing drug companies, citing rising insulin prices as an example of a conspiracy between pharmaceutical companies and distributors to artificially inflate drug prices.

The lawsuit, filed in the Eastern District court, joins a similar lawsuit being filed in Arlington.

“Since 1997, Eli Lilly has raised the list price of a vial of Humulin R (500U/mL) from $165 to $1784 in 2021,” the lawsuit said. “Driven by these price hikes, payors’ and diabetics’ spending on these drugs has drastically increased with totals in the tens of billions of dollars. The timing of the price increases reveals that the Manufacturer Defendants have not only dramatically increased prices for the at-issue diabetes treatments, but have done so in lockstep.”

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