Not Just Big Pharma: Biotech Companies Fighting Over Drug Patents
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Barr Pharmaceuticals is lobbying for a US perform that would own taking place the sale of copied medicines made by the biotech industry. Barr is dispatching on a dozen representatives along as soon as many added generic drug lobbyists, to attempt to p.s. their sham through both Congress and the House of Represenatives.
Other biotech companies such as Amgen and Genetech Inc. stand firmly in opponent of the add-on ham it happening. They contest that making copies of the deeply puzzling gene based medication pose a far-off ahead health risk than copying the tradition treatments pharma shipping.
According to a description in this area Bloomberg.com, "the result of the fight will determine whether generic makers, including Barr and Israel-based Teva Pharmaceutical Industries Ltd., can sell competing versions of biotech medications following they lose patent protection. Generic biotech drugs may reduce prices by 33 percent, analysts post."
Supporters of Barr Pharmaceuticals contend that allowing copies could save the biotech industry on pinnacle of 14 billion dollars in the once-door ten years. Currently, the biotech industry accounts for 32.8 billion of the 251.8 billion dollars of prescription drug sales to US pharmacies in 2005.
Bloomberg.com also states, "Many biotech medicines carry high price tags, and generic versions are likely to demean prices by 20 percent to 30 percent, Elise Wang, an analyst gone Citigroup Inc. in New York, said in an interview. One of the most costly biotech medicines is Genzyme Corp.'s Cerezyme, a treatment for a rare enzyme sickness that can cost $200,000 a year."
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