sport

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

Font size+Author:Culture Quest news portalSource:style2024-05-22 10:01:08I 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
  • Poland arrests sabotage suspects and warns of potential hostile acts by Russia

    Poland arrests sabotage suspects and warns of potential hostile acts by Russia

    2024-05-22 08:34

  • Praise for Fa'anānā Efeso Collins' efforts to inspire young people

    Praise for Fa'anānā Efeso Collins' efforts to inspire young people

    2024-05-22 08:27

  • Slavin scores go

    Slavin scores go

    2024-05-22 08:17

  • US consumer sentiment falls slightly as outlook for inflation worsens

    US consumer sentiment falls slightly as outlook for inflation worsens

    2024-05-22 07:17

Netizen comments