FTC Leader Backs Tough Pay-For-Delay Legislation

Law360, New York (July 23, 2013, 5:20 PM EDT) -- Federal Trade Commission Chairwoman Edith Ramirez told lawmakers Tuesday that the U.S. Supreme Court's decision allowing antitrust challenges to pay-for-delay deals was a key step in discouraging the settlements, but also endorsed a Senate bill that would further raise the bar for pharmaceutical companies to defend such deals.

Ramirez said she welcomed a bill introduced by Sen. Amy Klobuchar, D-Minn., and Sen. Chuck Grassley, R-Iowa, that would create a presumption of anti-competitiveness for Hatch-Waxman Act settlements in which a branded-drug maker pays a generics maker to...
To view the full article, register now.