Business & Finance
FTC raises antitrust concerns over drugmaker acquiring patent application in Amgen lawsuit
A court dispute between Amgen and a major health insurer addresses whether purchasing a drug patent application can constitute an unfair monopoly strategy.
The short version
- A lawsuit between a health insurer and Amgen centers on whether acquiring a patent application is an unfair tactic to maintain a pharmaceutical monopoly.
- The Federal Trade Commission filed a brief supporting payers and consumers, warning that such acquisitions raise antitrust concerns.
- The outcome could increase legal scrutiny on pharmaceutical patent transactions and their impact on drug pricing.
Key facts
What remains uncertain
- The specific drug and patent application at issue in the Amgen lawsuit remain unverified due to reporting limitations.[STAT]