Drudge Retort: Red Meat for Yellow Dogs
Thursday, December 03, 2009

Over the last few years, drug-makers have embraced a startlingly simple tactic for fending off competition from generic brands: paying them off. In a nutshell, the company that holds the patent on a profitable drug strikes a deal with the maker of the cheaper generic brand: you hold off on marketing your generic for several years, and in return, we'll give you a share of our profits on the drug

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Big pharma the almost free-market competition...good for who?

Typical Shmucks.

Pay for Delay?

This should be illegal.

Be Well.

Bullshit.

There are literally millions of people who can replicate a molecule -- it's already disclosed in the patent, which is a public document.

Drug companies cannot possibly pay off that many people.

I own a big block of stock in a small drug company who's first major product is probably still a year away. I could buy it now from bootleggers who downloaded the recipe from the US Patent Office

This should be illegal.

DP...The pharmaceutical industry has almost 1700 registered lobbyists in Washington, according to the Center for Responsive Politics.

How many does the consumer have?

Drug companies cannot possibly pay off that many people.
=========

vernon...only needed four for this drug

Frank Balsino, the CEO of Cephalon, which makes the sleep-disorder drug Provigil. In a 2006 interview, Baldino trumpeted recent deals with four generic drug-makers that kept generic versions of Provigil off the market until 2012, declaring: "We were able to get six more years of patent protection. That's $4 billion in sales that no one expected."

And so, the invisible hand of the market delivers yet another Shocker to the consumer.

very dirty business. I think this practice should be illegal also. This is very anti-competition.

If the majors want to buy these other companies then that is different. Even then one can argue an anti-trust issue there as well.

I'm sure the dems will step right in and stop this.

:-)

Hey, big government forces these companies to collude!

--Free market fundies

#9 | Posted by nullifidian at 2009-12-03 11:55 AM | Reply | Flag: deathly afraid Viagra's generic version will be delayed

#10 | Posted by eberly at 2009-12-03 11:58 AM | Reply | Flag: Waste of bandwith

oh come on Nulli. that was funny.

just fuckin with you.

Oh, ok, Eberly. It's hard to tell between good-natured flames and real flames these days.

Sweet, more anti-corporatism. Bastard big companies, don't they know that when they get big enough it is no longer cool to profit of their own research or labor? Patent laws should only apply to small companies right?

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