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[DOC File]Pfizer, Inc
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A 1984 law, enacted in exchange for patent extensions to the branded drug companies, created the modern generic drug industry. Today, generics account for 89 percent of prescriptions filled in the United States but only 26 percent of the total spending on prescription drugs. Generic drugs lower drug prices through competition.
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[DOC File]An Analysis of the Generic Pharmaceutical Industries in ...
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Generic drug makers see a large opportunity to boost their sales and profits. Meanwhile, R&D based pharmaceutical companies are lobbying Congress to extend patent protection and are continually working on new versions of name branded drugs that can qualify for patent extensions.
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[DOC File]Pharmaceutical industry
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In 2002, Pfizer was the target of over 2,000 suits involving Rezulin, a diabetes drug developed by Sankyo in Japan and by Warner-Lambert. In 2002, the company was involved in patent litigation with generic drug manufacturers for a number of its marquee pharmaceuticals, including Zoloft, Diflucan, Neurotonin, Procardia XL, and Celebrex.
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[DOC File]Pharmaceuticals
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Generic drug makers who wished to enter the buspirone market, direct purchasers, consumer protection organizations, and 30 states brought suit. They claimed that Bristol-Myers fraudulently represented to the FDA in the Orange book listing that the ‘365 Patent covered uses of buspirone and that a reasonable claim of patent infringement could ...
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[DOC File]American Chemical Society
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The applicability of patents have been challenged by generic drug makers, threatening the profitability of the big pharmaceutical companies. Patents of Eli Lilly, American BioScience and Bristol-Myers Squibb are just a few that recently have been challenged legally—all with victories for the generic drug makers.
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[DOC File]Eli Lilly and Company Introduction/Summary
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Generic drugs manufacturers represent a significant threat to research-based pharmaceutical companies. For example, Schering-Plough’s Claritin patent expired in 2002; as the result of generic drug competition, sales of Claritin by Schering-Plough declined from $3.2 billion in 2001 to $1.8 billion in 2002 and to $0.37 billion in 2003.
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20 States Accuse Generic Drug Companies of Price Fixing - The Ne…
In response, many generic drug makers are scrambling to redefine themselves, whether by specializing in hard-to-make drugs, selling branded products or making large acquisitions. The large generics company Watson acquired a European competitor, Actavis, in October, vaulting it from the fifth- to the third-largest generic drug maker worldwide.
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[DOCX File]mrsand.weebly.com
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Domestic generic companies generate 80% of the generic drugs marketed in Brazil, and the generic industry aims to reach 30% of the overall drug market share by 2007. Brazil’s generic production policy has also proved attractive to foreign investors, who have been incorporating generic plants in …
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Largest generic drug makers