Minnesota Attorney General Keith Ellison announced today he has joined a coalition of 48 states and territories in reaching a $29.6 million nationwide settlement with Glenmark to resolve allegations that the generic-drug manufacturer engaged in a widespread, long-running conspiracy to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade with regard to numerous generic prescription drugs. Minnesota’s share of today’s settlement with Glenmark that Attorney General Ellison recovered is more than $187,000.

“This settlement illustrates again that one of the biggest drivers making it tough for Minnesotans to afford their lives is illegal corporate behavior that drives drug prices artificially high and keeps them there. Generic drugs are supposed to save consumers money and help them afford the medicine they need to live, but Glenmark and other generic-drug manufacturers have illegally conspired to keep drug prices high and profit off Minnesotans’ health." – AG Ellison