Current location:business >>
US challenges 'bogus' patents on Ozempic and other drugs in effort to spur competition
business17385People have gathered around
IntroductionWASHINGTON (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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Stories news portal”。http://mauritania.downmusic.org/content-84d599395.html
Related articles
Scheffler back to work at Colonial and Stricker returns to Senior PGA in Michigan
businessPGA TOURCHARLES SCHWAB CHALLENGESite: Fort Worth, Texas.Course: Colonial CC. Yardage: 7,289. Par: 70 ...
【business】
Read moreArmed groups besieging towns in northeastern Mali driving residents, many children, to hunger
businessBAMAKO, Mali (AP) — A humanitarian crisis is worsening in northeastern Mali where armed groups linke ...
【business】
Read moreAustralian ministers won't comment on media reports that Indian spies were secretly expelled
businessMELBOURNE, Australia (AP) — A senior Australian government minister said Wednesday the bilateral rel ...
【business】
Read more
Popular articles
- Testimony at Sen. Bob Menendez's bribery trial focuses on his wife's New Jersey home
- Hainault stabbing: The police who put their lives at risk to stop sword
- Nonstop Mideast coverage of Israel
- Greene King is closing its 200
- NASCAR star Kyle Larson is embracing his Indianapolis 500 debut, right down to milking a cow
- Infielder Zack Short acquired by Red Sox from Mets for cash
Latest articles
How major US stock indexes fared Monday, 5/20/2024
A man who failed to get asylum in the UK is said to have voluntarily flown to Rwanda
Lebanese Christian leader says Hezbollah's fighting with Israel has harmed Lebanon
Video shows Robert De Niro rehearsing for a Netflix series, not yelling at anti
What to stream: Lenny Kravitz, South Park, 'Dune: Part 2'
NATO chief chides allies for not being quicker to help Ukraine
LINKS
- Wildfire destroys prized mushrooms, income source for Tibetans — Radio Free Asia
- 2023 'My Story of Chinese Hanzi' international competition wraps up in N China's Jincheng
- New debt deal reveals US addiction to war
- Evil tactics to demonize fight against virus
- Chinese modernization conceived in China, opportunities it brings belong to world
- To build even closer relations between China, Central Asian countries
- Tennessee Vols wrap up spring practice with Nico Iamaleava finally under center
- China's adjustment of COVID
- Lisa Blatt nears a record 50 arguments before the Supreme Court
- Iga Swiatek leads Poland to the Billie Jean King Cup Finals. Japan, Australia and Slovakia win