Fox Business - The Power to Prosper
Search Site

Cephalon

U.S. Seeks $1B from Drug Firms Delaying Generics

The U.S. Federal Trade Commission seeks a settlement of $1 billion or more from pharmaceutical companies it has sued for delaying the sale of cheaper medicines after patents on brand-name drugs may have expired, an FTC official told a legal conference on Friday.The antitrust agency alleges that the way drugmakers settle patent-related lawsuits hurts consumers by making drugs more expensive. In the settlements, makers of brand-name drugs pay millions of dollars to generics companies while they delay putting their products on the U.S. market.In June, the U.S. Supreme Court ruled that the FTC may challenge the deals in federal courts.A panel moderator at the American Bar Association's spring antitrust meeting asked Deborah Feinstein, the director of the FTC's Bureau of Competition, what developments to expect in the coming year."My hope is that we get a billion-dollar settlement in one of the patent-settlement, pay-for-delay cases," Feinstein responded, giving no indication that any settl...

Read More

  1. Don’t Fear Current Gas Spike?

    Richard Soultanian of NUS Consulting argues the current spike in gas prices will not last.

  2. Teva 1Q Profit Up 13% On Branded, Generic Drug Sales

    Teva Pharmaceutical Industries Ltd. (TEVA) said Wednesday its first-quarter profit rose 13%, as sales growth for branded and generic drugs in the U.S. and emerging m...

  3. Inside Maryland's bizarre Mega Millions mystery

    A closer look at the conflicting stories surrounding the woman who may - or may not - possess a golden winning lottery ticket

  4. Mylan Seeks To Overturn FDA's Provigil Decision

    DOW JONES NEWSWIRESMylan Inc. (MYL) said it is seeking to overturn a decision by the U.S. Food and Drug Administration that awarded Teva Pharmaceutical Industries Lt...

  5. Myriad Genetics Enters Testing Agreement With Teva Subsidiary

    DOW JONES NEWSWIRESMolecular-diagnostic company Myriad Genetics Inc. (MYGN) said Wednesday it agreed to conduct BRCA1 and BRCA2 mutation testing for Cephalon Inc., a...

  6. Internal memo shows ATF rank and file don't trust the brass

    Vince Cefalu on why ATF employees might not trust the agency's leadership

  7. Teva 4Q Net Drops 34% On Acquisition Costs; Sales Up 28%

    Teva Pharmaceutical Industries Ltd.'s (TEVA) fourth-quarter profit declined 34%, as higher acquisition-related costs more than offset a revenue increase fueled by la...

  8. Teva Recalls 1 Batch Of Treanda Due To Presence Of Glass In Vial

    Teva Pharmaceutical Industries Ltd.'s (TEVA) Cephalon unit has recalled one batch of its Treanda cancer drug after the discovery of glass fragments in a single vial....

  9. Lawsuit on the Mount?

    Atheist group tries to remove Jesus statue

  10. Is Your Doctor on Big Pharma's Payroll?

    Medical device and pharmaceutical companies are gearing up for a big change in the way they deal with their most important middlemen: doctors. Beginning in 2013, the...

  11. Cutting College Costs with Beth Cefalu

    Tips on saving money while in school

  12. Teva Announces Plans to Buy Cephalon for $6.8B

    FBN's Robert Gray breaks down mid-morning market news.

  1. Fast and Furious whistle-blower shares his experience

    ATF worker on coming forward

  2. Some Drug Makers Cut Payments, Meals Provided to Doctors

    Two pharmaceutical companies that are among the biggest payers of fees to doctors reduced such spending last year by double-digit percentages, as greater transparenc...

  3. Top Court to Decide on Deals to Delay Cheaper Drugs

    The U.S. Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper...

  4. Wine fit for Football

    Jimmy Cefalo, Former NFL star for the Miami Dolphins, now spends time as an ambassador for Martini brand wines. Jimmy shared his love for wine and football with some great suggestions for what to drink on Super Bowl Sunday.

  5. Algerian army reportedly storms plant; Terrorists killed

    Alex Crawford reports from Mali

  6. Teva CEO Vows Cost Cuts, Deals, Divestitures in Reshaping Drug Maker

    Teva Pharmaceutical Industries Ltd.'s (TEVA) new leader vowed to reshape the drug maker, including a reduction in annual costs of up to $2 billion over the next five...

  7. Valeant to Buy Medicis in $2.6B Deal

    Valeant Pharmaceuticals International Inc agreed on Monday to buy Medicis Pharmaceutical Corp for $2.6 billion in cash, in a deal that will add Botox competitor Dysp...

‹ Prev123Next ›
Freebase CC-BY
Source: Cephalon on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL