FTC Challenges Patents on 20 Brand-Name Drugs as Chair Accuses Them of Inflating Prices with 'Bogus' Patents

Benzinga
Benzinga
  • 20 days ago
The Federal Trade Commission challenges patents on 20 brand-name drugs to spur competition, including the blockbuster weight-loss drug Ozempic. The FTC sent warning letters to 10 drugmakers alleging certain patents are inaccurate or misleading. Brand-name drugmakers use patents to protect their medicines and block cheaper generics. FTC Chair Lina Khan said drug companies use "bogus patent listings" to inflate drug prices. This follows a similar FTC action last September challenging over 100 drugmaker patents.

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