FTC suit accuses AbbVie, Teva of pay-for-delay scheme
This article was originally published in Scrip
The Federal Trade Commission (FTC) on 8 September revealed it was suing AbbVie and Teva alleging the firms entered into a anticompetitive pay-for-delay scheme involving the testosterone replacement therapies (TRTs) of the former firm's AndroGel, which has about $1bn in annual sales.
You may also be interested in...
With new funding in hand, Moderna and its infectious disease venture Valera are going full-speed ahead with a Zika vaccine, taking an mRNA approach, which they said could be a more rapid strategy to try to stop the disease.
Allergan CEO Brent Saunders vows not to engage in price gouging and says his firm will limit cost increases to single-digit percentages, occurring only once per year. But it's unclear whether Saunders will stand as a lone wolf in the industry or if others will make similar pledges.
Hillary Clinton's plan to rein in high prices of older medicines, which includes creating a federal panel that has authority to impose fines, may grab headlines, but some analysts think it's unlikely to get very far in a divided Washington.