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Puerto Rico: Pharma group settles with FTC over artificially-high pricing

By  |  November 8, 2012

A Puerto Rican pharmacy group has settled with the Federal Trade Commission after the FTC opened an investigation into the co-op for price-fixing. Cooperativa de Farmacias Puertorriquena (Coopharma) has been investigated by the FTC and now settled its charges of raising prices. Specific charges against the cooperative stated that the group made agreements with its members to fix prices and make more of a profit out of insurers and benefit managers. There were no reports on the exact terms of the agreement.

Full Content: Law360

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