HEALTHCARE REFORM:FTC: Pay-for-Delay Costing Taxpayers BillionsAgency report finds 60 percent increase in deals where pharma companies pay generic drugmakers to hold off entering the market.
So-called pay-for-delay deals between pharmaceutical companies and generic rivals grew by more than 60 percent in fiscal 2010, according to a new report from the Federal Trade Commission, which continues to push to outlaw such agreements. The agency says the deals come at a hefty price tag to taxpayers who pay billions of dollars more for drugs because they delay the entry of lower-priced generics into the market.
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