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:2024-05-22 01:34:23 source:Stellar Spectacle 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
  • Red Lobster seeks bankruptcy protection after closing some restaurants
  • Rachael Blackmore to place in BOTH rides on Day 2 of Aintree boosted to 11/4
  • Immigration declines nearly half of study visa applications from India so far this year
  • Controversial Antonio Brown pays tribute to 'legend' OJ Simpson after his death from cancer aged 76
  • Sports betting roundup: Xander Schauffele's final putt pays off for bettors
  • Premier League clubs vote unanimously for major new change to the offside rule
  • Masters stars' adorable children take over the course on the eve of the tournament
  • James Corden FINALLY gets approval to demolish his Oxfordshire home after months of delays
Recommended content
  • Yvette Fielding says her Most Haunted co
  • Rachael Blackmore to place in BOTH rides on Day 2 of Aintree boosted to 11/4
  • Prince William celebrates Aston Villa's opening goal against Lille with Prince George at Villa Park
  • Hundreds of pests caught travelling along Transmission Gully
  • Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
  • Controversial Antonio Brown pays tribute to 'legend' OJ Simpson after his death from cancer aged 76