OKLAHOMA CITY (May 14, 2024) – Attorney General Gentner Drummond has filed a lawsuit against major diabetic drug manufacturers and pharmacy benefit managers (PBM) for an unfair and deceptive pricing scheme that has cost Americans billions of dollars.
Alleging violations of the Oklahoma Consumer Protection Act (OCPA), Drummond said manufacturers have significantly raised the prices of their diabetes drugs in lockstep during the last 15 years despite the fact that the costs of producing the critical drugs have diminished.