politics

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

Font size+Author:Cosmic Coverage news portalSource:business2024-05-22 01:27:50I 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
  • Judge orders man accused of opening fire outside Wrigley Field held without bail

    Judge orders man accused of opening fire outside Wrigley Field held without bail

    2024-05-22 00:48

  • Xi Stresses Studying, Understanding, Implementing Guiding Principles of Key Party Congress

    Xi Stresses Studying, Understanding, Implementing Guiding Principles of Key Party Congress

    2024-05-22 00:20

  • Xi Stresses Striving in Unity to Fulfill Goals Set by Party Congress

    Xi Stresses Striving in Unity to Fulfill Goals Set by Party Congress

    2024-05-21 23:52

  • CPC Leadership Makes Arrangements for Implementing Party Congress Guiding Principles

    CPC Leadership Makes Arrangements for Implementing Party Congress Guiding Principles

    2024-05-21 23:48

Netizen comments