House Dems call on the FTC to in­ves­ti­gate po­ten­tial col­lu­sion among top three in­sulin man­u­fac­tur­ers

Strik­ing while the iron is hot, six House De­moc­rats sent a let­ter Thurs­day to the act­ing chair­woman of the FTC (10 days af­ter the FTC said it would crack down on phar­ma merg­ers), call­ing for an in­ves­ti­ga­tion in­to the po­ten­tial col­lu­sion of in­sulin mar­ket lead­ers Eli Lil­ly, Sanofi and No­vo Nordisk.

Led by Rep. Katie Porter of Cal­i­for­nia, the let­ter notes that the three com­pa­nies raised the prices of their in­sulins in lock­step, and be­tween 2012 and 2016, the price of in­sulin al­most dou­bled. Sen. Bernie Sanders (I-VT) and the late Rep. Eli­jah Cum­mings of Mary­land sent a let­ter to the FTC rais­ing sim­i­lar charges of col­lu­sion among the same three com­pa­nies in 2016.

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