FTC Assesses Impact of 6 Years of Pay-for-Delay Drug Settlements

WHO: FTC Chairman Jon Leibowitz
will join
U.S. Representative Chris Van Hollen
U.S. Representative Bobby Rush
U.S. Representative Mary Jo Kilroy
and
Mr. G. Don Gading, of Bloomington, Indiana, a retiree who uses a drug that is only available in branded form due to a pay-for-delay settlement agreement that has kept a generic version off the market. Due to the high price of the branded drug, which he is taking under doctor’s orders, he recently began cutting the dose he takes in half to make his prescriptions last longer. WHAT: Press conference to announce an FTC staff analysis showing that pay-for-delay deals between brand and generic drug companies are costing American consumers billions a year, and to encourage inclusion of the House-passed pay-for-delay provision in the final version of the health care reform bill. WHEN: 12:30 P.M.
Wednesday, January 13, 2010 WHERE: Rayburn House Office Building
Room B-318 PRESS CONTACT: Office of Public Affairs
202-326-2180
IR Press

Share
Published by
IR Press

Recent Posts

Treasury Issues Final Rule Expanding CFIUS Coverage of Real Estate Transactions Around More Than 60 Military Installations

WASHINGTON – Today, the U.S. Department of the Treasury (Treasury), as Chair of the Committee…

4 days ago

U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital

WASHINGTON—Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and…

4 days ago

Report on U.S. Portfolio Holdings of Foreign Securities at Year-End 2023

Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities…

5 days ago

READOUT: U.S. Department of the Treasury Hosts Roundtable Discussion on the Financial Sector’s Response to Recent Hurricanes

WASHINGTON – The U.S. Department of the Treasury hosted a roundtable on October 30 with…

5 days ago

READOUT: Sixth Meeting of the Financial Working Group Between the United States and the People’s Republic of China

WASHINGTON – The United States and the People’s Republic of China held the sixth meeting…

5 days ago

Treasury Sanctions Key Members of La Linea, a Group Involved in Trafficking Fentanyl into the United States

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

5 days ago