On: Congressional investigation shows Celgene, Teva plotted to keep drug prices high

[uniqueid]

  Isn't price competition good?

Having a lower price than a competitor is not always the same thing as price competition. Ie: https://en.m.wikipedia.org/wiki/Predatory_pricing

[refurb → uniqueid]

Sure, but in the generic drug market, you rarely see generic makers pull out of a market.

What Teva basically did was drop the price enough to make the generic not that attractive in a cost basis.