Ed's Blog

FTC files latest challenge to "pay for delay" generic drug deals

By | Ed Mierzwinski
Consumer Program Director

Today the U.S. Federal Trade Commission filed a legal brief "challenging an agreement between drug manufacturers Wyeth and Teva Pharmaceuticals" where plaintiffs allege "Teva agreed to delay its introduction of a generic version of Wyeth’s blockbuster antidepressant drug Effexor XR." Fighting anti-competitive prescription drug deals that cost consumers "billions" is a signature issue for Chairman Jon Leibowitz's FTC.

The venerable English football club Manchester United, founded in 1878, is expected to file an IPO today under a new U.S. law, the JOBS Act, that passed overwhelmingly because it was intended to help newer, smaller companies go public. Over at The Motley Fool, they say: "Thank the JOBS Act for the Ugliest IPO of the Year."

Last week, Minnesota Attorney General Lori Swanson settled her case with Accretive Health, the debt collector that allegedly acts as a gatekeeper to obtaining emergency-room treatment. The AG's legal filing has  affidavits from 60 victims but in a press release, the debt collector says "the Attorney General did not and could not identify a single patient in Minnesota who experienced a problematic interaction with an Accretive Health employee." Hunh?

Wall St. Computers Run Amok and More Friday Financial Follies

By | Ed Mierzwinski
Consumer Program Director

Will the blowback from Wednesday's Wall Street high-speed trading crash caused by computers running amok revitalize efforts to enact a small tax on stock transactions? Meanwhile, here are the rest of the week's financial follies, finishing with a Funk #49.

Pages

Priority Action

The overuse of antibiotics on factory farms is threatening the effectiveness of lifesaving antibiotics. Call on the Food and Drug Administration to put an end to the worst practices.

Support Us

Your donation supports U.S. PIRG’s work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Alerts

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.