Fox News: Pay for Delay: U.S. Says Drugmakers Block Cheaper Generic Rivals
The Federal Trade Commission has found an "unprecedented" 60 percent
jump in drug industry "pay for delay" deals that stall consumers'
access to cheaper generic drugs, hurting consumers' and taxpayers'
wallets. The report could lay the groundwork for even more antitrust,
anti-monopoly actions the government has increasingly been bringing
against Big Pharma. Drug companies "struck an unprecedented number of
deals" in fiscal 2010, where drug makers of brand name
pharmaceuticals paid "potential generic rivals and generic companies
to defer the introduction of lower-cost medicines for American
consumers," the FTC said in a statement (MacDonald, 5/4).
http://www.kaiserhealthnews.org/Daily-Reports/2011/May/05/generic-drugs.aspx
(Medicare had dropped several inexpensive generics that I use from
the Part D formulary. So yes they are now $4 or $10 and they are now
completely out-of-pocket. Sylvia)
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