Posted by Sunnely on August 2, 2001, at 19:31:46
In reply to Re: Prozac patent runs out at midnight » Wendy B., posted by Elizabeth on August 2, 2001, at 15:35:40
> Cool! :-) Do you know what companies will be marketing generics?
>
> -elizabethBarr Labs has the exclusive rights to manufacture generic Prozac for the first 6 months. After that, every one else can join the fun and profit.
Barr Labs, a few years back, threatened to sue Lilly re: manufacturing generic Prozac. Lilly paid them off $4 million and Barr Labs withdrew their suit. Therefore, Lilly's patent hold on Prozac was extended a few more years. Four million dollars is peanuts since Prozac had been a $2-billion drug/year for Lilly for several years. Barr Labs did the same thing to another drug company (not sure exactly which one) which has a blockbuster antibiotic. This drug company paid Barr Labs $16 million off to withdraw their suit.
poster:Sunnely
thread:73106
URL: http://www.dr-bob.org/babble/20010731/msgs/73163.html