Published Online: Friday, June 1, 2007

New legislation making it illegal for brand name companies to offer generic drug makers cash and other incentives in return for delaying the launch of generic drugs has drawn strong support from a top Federal Trade Commission (FTC) regulator. Testifying before the House Committee on Energy and Commerce, FTC Commissioner Jon Leibowitz told Congress that ?agreements that delay generic competition harm all who pay for prescription drugs: individual consumers, the federal government, state governments trying to provide access to health care with limited public funds, and American businesses striving to compete in a global economy.?

The legislation, sponsored by Rep Bobby Rush (D, Ill), drew  sharp opposition from representatives of branded drug manufacturers, who argued that settlements between generic and brand name drug companies help to avoid costly litigation that drains resources from both industries. Billy Tauzin, a former congressman and current president of the Pharmaceutical Research and Manufacturers of America, said, ?The bill?would have a chilling effect on these settlements and could potentially impact the future innovation of lifesaving medicines.?

Latest Articles
Pharmacists might be surprised to learn that Pinterest is a hotbed for anti-vaccine sentiment.
The FDA has approved betamethasone dipropionate spray, 0.05%, as a treatment for mild to moderate plaque psoriasis in patients aged 18 years and older.
Medication errors injure thousands of patients annually, and while mistakes occur with all medication classes, those involving antiretroviral therapies are particularly troublesome.
Acute respiratory infections such as the common cold are often accompanied by cough and congestion caused by mucus hypersecretion.
Latest Issues