Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap US challenges 'bogus' patents on Ozempic and other drugs in effort to spur competition !

US challenges 'bogus' patents on Ozempic and other drugs in effort to spur competition

Time:2024-05-21 23:53:12 source:International Issue news portal

WASHINGTON (AP) — Federal regulators are challenging patents on 20 brand name drugs, including the blockbuster weight-loss injection Ozempic, in the latest action by the Biden administration targeting industry practices that drive up pharmaceutical prices.

The Federal Trade Commission on Tuesday sent warning letters to 10 drugmakers, taking issue with patents on popular drugs for weight loss, diabetes, asthma and other reparatory conditions. The letters allege that certain patents filed by Novo Nordisk, GlaxoSmithKline, AstraZeneca and seven other companies are inaccurate or misleading.

Brand-name drugmakers use patents to protect their medicines and stave off cheaper, generic medicines. Most blockbuster drugs are protected by dozens of patents covering various ingredients, manufacturing processes and intellectual property. Generic drugmakers can only launch their own cheaper versions if the patents have expired or are successfully challenged in court.

Related information
  • Wildfires sweep across Finland, straining rescue services
  • James Corden FINALLY gets approval to demolish his Oxfordshire home after months of delays
  • Tiger Woods heads out onto Augusta National course with Justin Thomas for another pre
  • Aston Villa 2
  • New York Liberty improve to 4
  • Prince William celebrates Aston Villa's opening goal against Lille with Prince George at Villa Park
  • PLAYER RATINGS: Scores revealed for DIRE Liverpool stars who flopped in first leg against Atalanta
  • Jurgen Klopp's gamble backfires as lacklustre Liverpool lose 3
Recommended content
  • Rays opening
  • Fernando Alonso commits his future to Aston Martin by signing new two
  • Is Phil Foden a shoo
  • The players with the most free
  • Flight attendant reveals why plane passengers should NEVER fall asleep before take off
  • Sergio Aguero's iconic title