Pharma Industry
Industry: Email Alert RSS FeedCollusion to Stall Generics Is Subject of ETC Probe.(Federal Trade Commission launches investigation)(Statistical Data Included)
Chemical Market Reporter, October, 2000 by JARVIS, LISA
Move could lead to re-examination of Hatch-Waxman. LOOPHOLES IN AN act meant to encourage generic competition have led Federal Trade Commission to launch a preliminary investigation of possible anti-competitive and anti-consumer behaviors between branded drug and generics companies. With a significant number of blockbuster drugs set to come off patent in the next five years, alleged agreements between branded and generic companies to stall generic competition could end up costing consumers dearly.
The FTC study was spurred by concerns that drug companies manipulated provisions of the Drug Price Competition and Patent Term Restoration Act of 1984, or the Hatch-Waxman Act, to delay generic competition. Questions surround the legality of agreements made...
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