FTC opens investigation into Teva, escalating patent fight with pharma

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FTC opens investigation into Teva, escalating patent fight with pharma
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Democrats have accused drug companies of “junk patent listings,” arguing that the industry is blocking generic competition and inflating patients’ costs.

The Federal Trade Commission has opened an investigation into Teva Pharmaceuticals after the company refused to take down about two dozen patents.

Congressional Democrats also have pressured the companies to voluntarily withdraw the patents. Sen. Bernie Sanders , chairman of the Senate’s health committee, and other lawmakersin January into the high price of inhalers. While three companies took down inhaler patents and pledged to lower the cost of their devices, Teva refused to do so.

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