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Thread: Retailers accuse Pfizer of delaying generic drugs

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    Retailers accuse Pfizer of delaying generic drugs

    I hope the retailers win this lawsuit...


    Five large drug and grocery chains are suing Pfizer Inc. and a second drugmaker, alleging they conspired to delay sales of cheap generic versions of the blockbuster cholesterol drug Lipitor.

    Lipitor, the world's top-selling drug ever, had peak sales of nearly $13 billion a year several years ago. Sales dropped sharply after it got U.S. generic competition on Nov. 30

    The lawsuit, filed Thursday by Walgreen Co., the Kroger Co. and three other retailers in U.S. District Court in Trenton, N.J., claims generics should have been available nearly two years earlier, when Lipitor's original patent expired.The suit accuses Pfizer of patent fraud as well as "illegal, anti-competitive conduct" with generic drugmaker Ranbaxy Laboratories of India to block other generic drugmakers from selling versions of Lipitor, called atorvastatin calcium, until recently.
    The suit also accuses New York-based Pfizer of making deals with companies that manage prescription benefits, giving them big discounts on brand-name Lipitor in exchange for those companies limiting sales of generic versions. Generic pills generally bring pharmacies higher profit margins than brand-name medicines do.
    Pfizer denies the lawsuit claims and said Friday that it "will defend itself vigorously." A spokesman for Ranbaxy said the company had not been served with the lawsuit and has a policy against commenting on pending litigation.

    The plaintiffs, which include Safeway Inc., Supervalu Inc. and HEB Grocery Co. LP, claim the original patent for the active ingredient in Lipitor expired in March 2010 and that Pfizer fraudulently got the U.S. Patent and Trademark Office to grant a follow-on patent that extended Pfizer's monopoly on Lipitor sales.



    Retailers accuse Pfizer of delaying generic drugs

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    Re: Retailers accuse Pfizer of delaying generic drugs

    **** Lipitor. Drink some red wine, eat more veggies and eat less meat. Problem solved.

    And screw drug companies.
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    Re: Retailers accuse Pfizer of delaying generic drugs

    Hey SuperValu and Safeway......go make the drug yourself if you don't like Pfizer's slow pace.
    I love the smell of burning moonbat in the morning.

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    Re: Retailers accuse Pfizer of delaying generic drugs

    Another ploy that I've heard big drug companies use is that when their patents get close to expiring, they start studies to use the drug for other conditions, allowing them to extend the patent for the study period. Corrupt, greedy bastards.

    But I guess that's to be expected. Corporations are people, after all. Ask SCOTUS!!

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    Re: Retailers accuse Pfizer of delaying generic drugs

    Quote Originally Posted by DiAnna View Post
    Another ploy that I've heard big drug companies use is that when their patents get close to expiring, they start studies to use the drug for other conditions, allowing them to extend the patent for the study period. Corrupt, greedy bastards.

    But I guess that's to be expected. Corporations are people, after all. Ask SCOTUS!!
    Are corporations made up of robots instead of people?
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Retailers accuse Pfizer of delaying generic drugs

    If we are lucky, Pfizer will be fined maybe half the money they made from illegal actions. The irony is that when it comes to crime, you steal 1000 bucks you get sent to prison, steal a billion and you can make a profit. It also doesn't help that even the most depraved prostitute has much higher standards than our patent office.

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    Re: Retailers accuse Pfizer of delaying generic drugs

    Cholesterol drugs are very profitable. Here's another ripoff by Abbott Laboratories' and their cholesterol drug TriCor.

    The story begins back in the 1960s, when the drug was discovered by the French company Fournier. It began selling the product in Europe in 1975, and Abbott licensed it in 1998. The drug's underlying patent had expired by that time, but Abbott, which earns more than $1 billion in annual sales from the drug, found a way to patent it again ... and again ... and again.
    [...]
    ...it did agree to pay $184 million to settle litigation brought by state attorneys general and private entities alleging antitrust and unfair competition claims in connection with the sales of TriCor.

    Abbott's deal with Teva keeps generic TriCor off the market yet again - DailyFinance
    Pay $184 million to make a billion? Not bad.

    Further in the article...
    Many pharmaceutical companies have paid generic makers over the past decade to delay generics. The Federal Trade Commission doesn't look kindly on such "pay-for-delay" deals: The practice ends up costing U.S. consumers $3.5 billion a year -- $1.2 billion of which is paid by the government, FTC chief Jon Leibowitz said in June.
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

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    Re: Retailers accuse Pfizer of delaying generic drugs

    Quote Originally Posted by jamesrage View Post
    Are corporations made up of robots instead of people?
    When a corporation commits a crime, does it go to jail? Like, say, the pharmaceutical company that recently was caught engaging in large scale fraud?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Retailers accuse Pfizer of delaying generic drugs

    Quote Originally Posted by Deuce View Post
    When a corporation commits a crime, does it go to jail? Like, say, the pharmaceutical company that recently was caught engaging in large scale fraud?
    If a priest molests a child do they arrest the priest or do they arrest the whole church?IF a protester destroyed some property do the police only arrest that protester or do they arrest all the protesters? If a union boss did something illegal do they arrest only that union boss or do they arrest everyone in the union? As far as I know the only people arrested would be those responsible for the criminal activity, so why would a corporation be any different?
    Last edited by jamesrage; 07-08-12 at 10:51 PM.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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