Patent anyone!!! Really please, this goes to the big boy's and the rest will get STAND DOWN!!!
Attend the FierceBiotech Executive Breakfast at BIO 2019
Join us on June 5th for our panel discussion on real-world evidence. Reserve your seat today.
Pharma
mce-anchor
Gilead schemed with J&J, Bristol-Myers to keep their HIV combo monopoly, lawsuit claims
by Eric Sagonowsky |
May 15, 2019 1:05pm
A group of patients and activists say Gilead illegally monopolized HIV drugs by partnering with other companies on combo pills. (Gilead China)
ShareFacebookTwitterLinkedInEmailPrint
Gilead Sciences used its monopoly on one critical component in HIV combo meds to stifle generic competition and keep prices high, a new lawsuit claims—and the Big Biotech did so with the help of combo partners Johnson & Johnson and Bristol-Myers Squibb.
In a class action lawsuit, HIV and AIDS activists say Gilead teamed with Bristol-Myers, J&J's Janssen unit and Japan Tobacco to knock back competition to HIV cocktail meds. The companies agreed to stick with patent-protected ingredients in their fixed-dose combination drugs, rather than sub in low-cost generics, even after patents expired on the individual components, the lawsuit claims.
The strategy forced much higher prices over time, the lawsuit claims. Even after exclusivity lapsed for some components of the meds—which are key to HIV treatment because they drastically reduce the number of pills patients need to take—Gilead’s fixed-dosed-combination drug Complera sells for $35,000 per year, the plaintiffs say. A version using available generic components—plus Janssen’s still-patent-protected Edurant—would cost half that, the suit alleges.
FIERCEBIOTECH EXECUTIVE BREAKFASTGetting Real: The Changing Tide on Real-World Evidence in Drug Development
Join FierceBiotech and a panel of industry experts for an executive breakfast at BIO. We will discuss the impacts of real-world evidence on drug development and address the important questions that companies are facing including where to find the right talent & technology and how to deploy it internally or with partners. Join us in Philadelphia on June 5th for this important discussion.A Gilead spokesman said the company "entered into partnerships with other companies with the goal of bringing life-saving therapies to patients in need."https://www.fiercepharma.com/pharma/after-decades-activism-patients-hit-gilead-hiv-drug-antitrust-lawsuit
"Any suggestion that we had improper motives is absolutely false," he added.
A BMS representative said the company is reviewing the complaint; J&J didn't immediately respond to a request for comment.
The lawsuit follows a string of headlines about Gilead's HIV business over the past week: First, the company disclosed Truvada, its drug approved to treat and prevent infection, would face early generics, and then it agreed to pony up free drugs as part of a national PrEP push. And earlier this week, a California judge refused to dismiss a separate lawsuit claiming Gilead illegally delayed its next-gen HIV meds to milk as much revenue as possible from its current generation before the older drugs went off patent.
That lawsuit claimed Gilead's delays came at the expense of patient safety. In addition to bringing similar arguments, the new complaint says Gilead and its codefendants' “long-running scheme to restrain competition” reduced patient access and cost the federal government billions on overpriced drugs.
“Even more of the costs of these unlawfully monopolized drugs are borne by union health and welfare funds, other third-party payers, state and local governments, and the patients themselves,” the suit says. “Worse, the high cost of these life-saving medications prevents many patients from gaining access to the drugs at all.”
Aside from the “no-generics” clauses in their combo development agreements, the plaintiffs also say Gilead struck pay-for-delay agreements with companies seeking to market copycats.
RELATED: Gilead tries—and fails—to dodge lawsuit claiming it delayed safer HIV meds
Longtime AIDS and gay rights activist Peter Staley, a prominent member of the group ACT UP, is the lead plaintiff in the case. He said in a statement that the group “successfully fought for a dramatically lower price on AZT, the first AIDS drug, resulting in far lower prices on the next ten drugs that came to market.”
“Now Gilead and its co-conspirators have turned back the clock to monopolistic practices and pricing,” Staley added. “We will not let this stand."
- Forums
- ASX - By Stock
- BIT
- No data, no new trials and no mice to the sword!
No data, no new trials and no mice to the sword!, page-2
-
- There are more pages in this discussion • 449 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BIT (ASX) to my watchlist
|
|||||
Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.46M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.6¢ | $325 | 12.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 393614 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 393614 | 0.026 |
5 | 1444733 | 0.025 |
4 | 396000 | 0.024 |
3 | 453913 | 0.023 |
5 | 4245555 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 10000 | 1 |
0.028 | 264517 | 2 |
0.029 | 555600 | 4 |
0.030 | 60000 | 2 |
0.031 | 109129 | 2 |
Last trade - 09.59am 29/08/2024 (20 minute delay) ? |
Featured News
BIT (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online