FTC sues Endo, others on pay-for-delay allegations
WASHINGTON — The Federal Trade Commission announced Thursday that it had filed a complaint against Endo Pharmaceuticals and several other drug companies alleging that it violated antitrust laws by paying settlements to drug makers to delay the introduction of generic versions of Opana ER and Lidoderm.
The FTC said this is the first case that’s challenged an agreement to not market an authorized generic of a particular drug, which it calls no-AG commitments.
“Settlements between drug firms that include ‘no-AG commitments’ harm consumers twice — first by delaying the entry of generic drugs and then by preventing additional generic competition in the market following generic entry,” FTC chairwoman Edith Ramirez said. “This lawsuit reflects the FTC’s commitment to stopping pay-for-delay agreements that inflate the prices of prescription drugs and harm competition, regardless of the form they take.”
The complaint alleges that Endo paid Impax Laboratories and Watson Laboratories, which were the first companies to file for FDA approval for generics of Endo’s Opana ER and Lidoderm — actions that violate the Federal Trade Commission Act. It charges that Endo in 2010 agreed not to market a generic of Opana ER (which the branded drugmaker is allowed to do at any time) until 2013, paid $112 million to Impax and moved patients over to a new Opana ER formulation, which the FTC said kept “its monopoly power even after Impax’s generic entry.”
Additionally, the FTC contends that in May 2012, Endo paid Watson hundreds of millions of dollars — including $96 million worth of free branded Lidoderm patches — in order to keep Watson from competing with Endo and partner companies Teikoku Seiyaku and Teikoku Pharma. The complaint also alleges that Endo and Watson agreed that Endo wouldn’t introduce its generic version of Lidoderm for about seven months after September 2013. This move, according to the FTC, “ left Watson as the only generic version of Lidoderm on the market, substantially reducing competition and increasing prices for generic lidocaine patches.”
The complaint also names Endo parent company Endo International and Watson parent company Allergan. Alongside the complaint, the FTC also filed a stipulated order of permanent injunction against Teikoku Seiyaki and Teikoku Pharma, preventing them for 20 years from engaging in some types of reverse-payment agreements, including no-AG commitments. It does not restrict settlement agreements whose value are unlikely to present antitrust concerns.
The FTC voted 3-to-1 to file the complaint, with commissioner Maureen Ohlhausen voting no, suggesting that administrative measures would be a better course, noting, “I have reason to believe that the Defendants violated Section 5 of the FTC Act by entering into pay for delay agreements. I do not believe, however, that it serves the public interest to seek disgorgement in this case.”
MedM Health Cloud integrates Walgreens’ Balance Rewards API
DEERFIELD, Ill. – Walgreens on Wednesday announced that MedM Health Cloud has now integrated the Balance Rewards API.
MedM has built a healthy activity cloud platform, allowing users to track everything from step tracking to blood glucose/pressure monitoring. Walgreens is bringing in an integration that stores healthy activities from more than 200 connected devices.
“We see Walgreens is making a revolution in remote monitoring by solving a key problem – patients tend to give up any kind of monitoring after a while rendering all tools and technologies useless,” stated Michael Pliskin, chief technology officer, MedM. "By actually rewarding Balance Rewards points directly to patients for tracking their health condition, Walgreens changes the industry landscape completely and we at MedM are happy to be part of it and bring our technology and 200-plus medical device portfolio into the program."
The MedM Platform is a complete remote patient monitoring software package. It includes apps connecting to medical devices, cloud services, cloud portal and a set of EMR/EHR integration APIs. It is compatible with more than 170 medical sensors by 50 vendors.
A state-of-the-art Patient and Caregiver portal is an integral part of MedM Platform. It allows anywhere and anytime web-based access to Patient Health Information and features historic and realtime data views, trend graphs, thresholds and notifications and reports. Cloud Storage is a HIPAA-compliant scalable medical data storage component available in both Cloud and Hosted editions.
Humanwell Healthcare Group, PuraCap to acquire Epic Pharma
SOUTH PLAINFIELD, N.J. — Humanwell Healthcar Group and PuraCap Pharmaceuticals announced Thursday that they would be acquiring 100% of Epic Pharma’s membership interests for $550 million. The purchase of the Laurelton, N.Y.-based company will expand the two businesses’ generics footprint and manufacturing capabilities in the United States.
Epic’s generics portfolio contains 15 products currently on the market and a 37-product pipeline. The acquisition will also bring the two companies a 110,000-sq. ft. GMP manufacturing facility and add 215 employees to Humanwell’s and PuraCap’s operations team.
“This acquisition is a major step in the growth of our company,” PuraCap CEO and Humanwell president Dahai Guo said. “The addition of Epic is an important addition to the PuraCap family. We look forward to it being a platform for the development of our generic pharmaceutical business, both in the USA as well as internationally.”
The transaction is expected to close in the second quarter of 2016.
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