FTC: Delays in Generic Drugs on the Rise

January 17, 2007

(AP) -- Drug companies increasingly are reaching legal settlements that delay the introduction of cheaper generic medicines and cheat Americans of billions of dollars a year in savings, federal regulators on Wednesday told lawmakers seeking to ban the agreements.

Content from The Associated Press expires 15 days after original publication date. For more information about The Associated Press, please visit www.ap.org .

Similar stories from PHYSorg:

Government delays new ban on Internet gambling

Nov 27, 2009 | 3.7 / 5 (3) | 0

Wyeth sues FDA to block rival generic antibiotic

Sep 23, 2009 | not rated yet | 0

Dispensing prescription drugs in 3-month supplies reduces drug costs by a third

Nov 20, 2009 | 5 / 5 (1) | 0

FDA warns Web companies not to sell flavored cigs

Nov 06, 2009 | 5 / 5 (1) | 2

AIDS drug offered free to the Third World

Feb 15, 2006 | 3.8 / 5 (6) | 0

Rate this story - not rated yet

rank
1
2
3
4
5

view popular

Other News

Blocking cell movement for cancer, MS treatment

Medicine & Health / Research

41 minutes ago | not rated yet | 0

University of Adelaide researchers in Australia are finding new ways to block the movement of cells in the body which can cause autoimmune diseases and the spread of cancer.

First blinded study of venous insufficiency prevalence in MS shows promising results

Medicine & Health / Neuroscience

17 minutes ago | not rated yet | 0

More than 55 percent of multiple sclerosis patients participating in the initial phase of the first randomized clinical study to determine if persons with MS exhibit narrowing of the extracranial veins, causing restriction ...

Many veterans not getting enough treatment for PTSD

Medicine & Health / Psychology & Psychiatry

29 minutes ago | not rated yet | 0

Although the Department of Veteran Affairs is rolling out treatments nationwide as fast as possible to adequately provide for newly diagnosed PTSD patients, there are still significant barriers to veterans getting a full ...

A face is more than the sum of its parts

Medicine & Health / Psychology & Psychiatry

49 minutes ago | 5 / 5 (2) | 0

You stop at a shop window and wonder why someone inside is blatantly staring at you -- until you realize this person is you. Scenarios like this are impossible for us to imagine, but quite common for sufferers of acquired ...

IQ among strongest predictors of cardiovascular disease -- second only to cigarette smoking

Medicine & Health / Health

5 hours ago | 5 / 5 (2) | 8 |

as reflected by low results on written or oral tests of IQ - have been associated with a raised risk of cardiovascular disease, no study has so far compared the relative strength of this association with other established ...