Welcome to the community dedicated to personal safety, injury prevention and recovery. [What is InjuryBoard?]

Subscribe

RSS Feed

Add us to your favorite RSS reader

or subscribe by plain RSS

Archives

View previous posts from:
IB Attorney

Possible Release of Generic Plavix Sends Stock Price Tumbling

August 07, 2006 - 11:17 AM

In an earnings call with investment analysts, an executive of Medco, which administers drug benefits plans, predicted that a generic formulation of Plavix could reach the market soon. That news sent shares down for Bristol-Myers Squibb and Sanofi-Aventis, who co-market Plavix. Apotex, a Canadian drug company, received FDA approval for its generic formulation of Plavix earlier this year and announced plans to manufacure the drug. After the Plavix makers brought a patent lawsuit against Apotex, the parties reached a tentative settlement involving a cash payment to Apotex and delaying of the generic drug for several years. That settlement was recently rejected by state officials and is being investigated by the Justice Department. Availability of generic drugs is helpful for consumers, as generics are generally about 30 percent cheaper.

Brought to you by

The Philadelphia personal injury lawyers at Sheller Law Firm
1528 Walnut Street
3rd Floor
Philadelphia, Pennsylvania 19102

Attorneys

Contact an Attorney

100% Private, 100% Confidential
Your question will be referred to an attorney near you. If your question is of a legal nature, then by submitting this form you agree you are not forming a formal attorney / client relationship.

Regional Blogs