FOXNews.com: Drug makers' settlements get Supreme Court review

FOXNews.com FOX News Network - We Report. You Decide. // via fulltextrssfeed.com

Drug makers' settlements get Supreme Court review Dec 7th 2012, 23:34 Published December 07, 2012 Associated Press WASHINGTON –  The Supreme Court will take a close look at payments from brand-name drug makers to manufacturers of generic equivalents to keep the no-name products off the market at an estimated cost of $3.5 billion a year to consumers. The justices said Friday they will consider competing appeals court decisions about whether the practice known as reverse payments or "pay for delay" illegally reduces competition by delaying the sale of substantially cheaper generic drugs. The payments typically are made to resolve patent infringement claims by the brand-name manufacturers against the makers of the generic drugs. What is unusual about the practice is that the claim is resolved by a payment from the company that holds the patent rights to the company accused of violating them.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions