Submitted via IRC for SoyCow1984
Drug companies are sitting on generics—43% of recently approved aren't for sale
Of the more than 1,600 generic drugs approved by the Food and Drug Administration since January of 2017, more than 700—or 43 percent—are not for sale in the US, according to a new analysis by Kaiser Health News.
The finding means that many pricy, brand-name drugs are not facing the competition that could help drive down soaring prices. Among the drugs missing in action are generic versions of the expensive blood thinner Brilinta and the HIV medication Truvada. Moreover, of the approved drugs that would offer a brand-name drug its first competition, 36 percent are being held off the market, the analysis found.
(Score: 3, Informative) by RandomFactor on Sunday February 10 2019, @02:25PM (1 child)
So apparently this is based on patent settlements. Still, they sound textbook anti-trust to me.
Why is it the FTC that addresses this instead of the FDA?
В «Правде» нет известий, в «Известиях» нет правды
(Score: 2) by Thexalon on Sunday February 10 2019, @07:54PM
It's the FTC rather than the FDA because the issue has to do with anti-trust and restraint of trade rather than the safety of the pills in question.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.