The "pay for delay" agreements involve one company paying other drugmakers to refrain from producing a generic version after the drug’s patent expires. The practices caused consumers "to pay as much as 90% more for drugs shielded from competition," state Attorney General Xavier Becerra's office said. Four settlements were reached with drug companies Teva Pharmaceutical Industries, Endo Pharmaceuticals and Teikoku Pharma. Meanwhile, Pfizer confirms its reported plans to absorb Mylan.

from Kaiser Health News https://ift.tt/2ZmKXnE

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