Big Pharma companies have resumed paying generic drug manufacturers to stay off the market under the terms of some legal settlements, attracting renewed scrutiny from federal regulators.
Brand-name and generic drug makers are entering patent challenge agreements under which the latter companies receive compensation in exchange for agreeing to restrictions on their ability to market generic versions of branded drugs.
Consumers usually save money if they can buy generic brands of drugs, which spark price competition. Keeping generic competitors off the market allows Big Pharma to charge premium prices.
Three such settlements were reached in the 12 months ending Sept. 30, 2005, according to a Federal Trade Commission report issued Monday.
Roughly six similar deals have been struck in the months since then, FTC Commissioner Jon Leibowitz said.
When did these cozy "arangements" first come to light?
Well, Insider remembers back in 2001 Eli Lilly was locked in a legal wrangle with Barr Laboratories, a producer of generic products, over the patent for Lilly's antidepressant Prozac.
In the middle of the dispute, Barr made Lilly an offer: in exchange for $200m (£112m, €161m) it would undertake not to produce a generic version of the anti-depressant until 2004, when Lilly's patent was set to expire.
That was the earliest one Insider recalls. Do PharmaGossip readers know of any others?
3 comments:
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