Amgen faces FTC-backed lawsuit over patent-application purchase amid insurer dispute
read at STAT ↗RegulatoryNegative
Amgen and a large health insurer are locked in a court fight over whether purchasing a drug patent application can be used to extend a monopoly on a medicine.
The case is drawing attention because a ruling could broaden scrutiny of pharmaceutical patent deals, which are often cited as tools for keeping drug prices high.
The U.S. Federal Trade Commission has stepped in on the side of payers and consumers, arguing that the maneuver raises antitrust concerns.
If the court limits such acquisitions, it could reshape how biotech firms and insurers structure patent strategies.
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This writeup was produced by pharmadog from original reporting by STAT.
Original headline: “STAT+: Can buying a drug patent application be seen as a bid to prolong a monopoly?”
read at STAT ↗501 words · retrieved 2h ago
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