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Dec 3 / Jonathan

Drug-Makers Paying Off Competitors To Keep Cheap Generics Off Market

Drug-Makers Paying Off Competitors To Keep Cheap Generics Off Market | TPMMuckraker

… 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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