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 20:08:43 source:International Impact 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
  • Jon Wysocki dead at 53: Staind drummer passes away
  • Wayfarers Chapel: Landslide forces closure of Southern California chapel
  • Baby Reindeer triggers a surge of stalking complaints after millions watch Netflix show
  • Lynn, Gallese make big plays late to help Orlando City beat Earthquakes 1
  • Here comes the char
  • Copper has career
  • Beijing parks present 109 cultural events for Spring Festival holiday
  • Premier League title race heading to the wire
Recommended content
  • Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
  • Faye Dunaway's wildest moments! Fiery Oscar
  • Lod, Jeong rally Minnesota United to 2
  • Rodman scores 2 in Spirit's 4
  • A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
  • Colorful Guizhou wind blows to Paris