health

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

Font size+Author:World Walkthrough news portalSource:world2024-05-21 21:57:22I want to comment(0)

WASHINGTON (AP) — Federal regulators are challenging patents on 20 brand name drugs, including the b

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 articles
  • Norwegian Cruise Line, Wix.com rise; Cushman & Wakefield, Target fall, Monday, 5/20/2024

    Norwegian Cruise Line, Wix.com rise; Cushman & Wakefield, Target fall, Monday, 5/20/2024

    2024-05-21 21:24

  • New law to give police, courts greater powers in gang crackdown

    New law to give police, courts greater powers in gang crackdown

    2024-05-21 21:18

  • US launches more strikes against Houthis in Yemen

    US launches more strikes against Houthis in Yemen

    2024-05-21 20:37

  • EDITORIAL: Nissan rebuke shows preying on suppliers still exists in Japan

    EDITORIAL: Nissan rebuke shows preying on suppliers still exists in Japan

    2024-05-21 19:36

Netizen comments