According to Bloomberg News, the California Supreme Court has reinstated a lawsuit filed by pharmacies against drugmaker Pfizer Inc. that accuses the company of price fixing.
The lawsuit claimed that Pfizer and other drug companies conspired together to keep cheaper medications from Canada out of the U.S.
The suit had been dismissed by a lower court in 2008 after Pfizer argued that the pharmacies weren’t harmed because the higher prices were passed on to customers. But that argument was rejected earlier this week by the California Supreme Court and the case was sent back down to an Oakland, Calif., trial court.
