WILMINGTON, Del. - Eighteen states have sued Abbott Laboratories in federal court, alleging the drug maker blocked generic competition for a popular cholesterol medication, TriCor, state officials said Tuesday.
The antitrust lawsuit against Abbott and French drug company Fournier Industrie et Sante and Laboratories Fournier SA, charges the companies sought to block competition for a cheaper, generic version of the prescription drug TriCor.
The cholesterol drug accounted for more than $1 billion of Abbott's sales last year. The North Chicago, Ill.-based company had total revenue of $25.9 billion in 2007.
More news at Chicago Tribune
The Florida AG's website
tag: TRICOR, Fournier Industrie, Abbot Laboratories, Drug Companies, cholesterol medication,
Showing posts with label Drug Companies. Show all posts
Showing posts with label Drug Companies. Show all posts
Wednesday, March 19, 2008
Friday, March 14, 2008
Despite Recalls Drug Companies Stand By China.
As we informed today that FDA itself is seeking to establish FDA offices in China, Boston Globe has an article that despite worldwide recalls of Chinese made drugs, more and more drug companies are flocking to China to reduce production costs, and of course larger profits.
Of course when questioned the companies say problems such as the recent heparin related deaths in the USA and the subsequent all heparin recall in USA and Germany, Panama's antifreeze lazed medicine and the tainted leukemia drugs found in China itself are isolated incidents. They say they have the same quality-control standards in China. But I wonder if they are following these standards.
The article mentions the FDA itself thinks that there are many companies that follow the rules while there many who are in the other end of the spectrum. ""While some Chinese [drug] companies are state-of-the art in technology and manufacturing expertise, many are at the opposite end of the spectrum," FDA deputy commissioner Murray Lumpkin told Congress last year."
What ever the reasons, it is hard to believe the damage these drug companies are causing to general populace. So I invite you to read this article by Boston Globe, which tries to look at the issue from many fronts, including Massachusetts's own companies that manufacture drugs in China.
tag: Drug Companies, Drug Manufacture, FDA in China, heparin recall, Chinese made drugs,
Of course when questioned the companies say problems such as the recent heparin related deaths in the USA and the subsequent all heparin recall in USA and Germany, Panama's antifreeze lazed medicine and the tainted leukemia drugs found in China itself are isolated incidents. They say they have the same quality-control standards in China. But I wonder if they are following these standards.
The article mentions the FDA itself thinks that there are many companies that follow the rules while there many who are in the other end of the spectrum. ""While some Chinese [drug] companies are state-of-the art in technology and manufacturing expertise, many are at the opposite end of the spectrum," FDA deputy commissioner Murray Lumpkin told Congress last year."
What ever the reasons, it is hard to believe the damage these drug companies are causing to general populace. So I invite you to read this article by Boston Globe, which tries to look at the issue from many fronts, including Massachusetts's own companies that manufacture drugs in China.
tag: Drug Companies, Drug Manufacture, FDA in China, heparin recall, Chinese made drugs,
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