drug

Drug companies panic as thirteen 'blockbuster' drugs about to lose patent protection

Monday, February 07, 2011 by: Jonathan Benson, staff writer
Tags: drug, patents, health news

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
The five biggest lies about Ebola being pushed by government and mass media
Why does the CDC own a patent on Ebola 'invention?'
White House admits staging fake vaccination operation to gather DNA from the public
Ultraviolet light robot kills Ebola in two minutes; why doesn't every hospital have one of these?
EXCLUSIVE: Natural News tests flu vaccine for heavy metals, finds 25,000 times higher mercury level than EPA limit for water
Truvia sweetener a powerful pesticide; scientists shocked as fruit flies die in less than a week from eating GMO-derived erythritol
Irrefutable proof we are all being sprayed with poison: 571 tons of toxic lead 'chemtrailed' into America's skies every year
Tetanus vaccines found spiked with sterilization chemical to carry out race-based genocide against Africans
Russia taking McDonald's to court, threatens countrywide shutdown
Oregon man serving prison sentence for collecting rainwater on his own property
The best way to help your body protect itself against Ebola (or any virus or bacteria)
Global warming data FAKED by government to fit climate change fictions
Senator who attacked Doctor Oz over dietary supplements received over $146,000 in campaign contributions from Big Pharma mega-retailer and Monsanto
Healthy 12-year-old girl dies shortly after receiving HPV vaccine
Ebola outbreak may already be uncontrollable; Monsanto invests in Ebola treatment drug company as pandemic spreads
HOAX confirmed: Michelle Obama 'GMOs for children' campaign a parody of modern agricultural politics
Ben & Jerry's switches to non-GMO, Fair Trade ice cream ingredients
W.H.O. contradicts CDC, admits Ebola can spread via coughing, sneezing and by touching contaminated surfaces

Delicious
(NaturalNews) Reports indicate that the drug industry is in a panic over the patent losses of 13 big-money drugs, and many others, within the next few years. Everyone knows that the drug industry thrives on developing "blockbuster" drugs that reap huge profits during their initial patent period, after which generic competitors can come in and begin producing the same drugs for less. But Big Pharma is having trouble developing new blockbusters to take the places the old blockbusters, which could hit industry profits hard in the very near future.

According to data compiled by EvaluatePharma, a pharmaceutical and biotechnology industry analysis group, more than $15 billion worth of drug patents are set to expire in 2011, and another $133 billion worth of drugs in the next six years. One of the biggest blockbuster drugs, Pfizer's $11 billion heart drug Lipitor, is also set to expire late in 2011.

Other patent expirations to occur in 2011 include Eli Lilly's Zyprexa and Johnson & Johnson's Levaquin. And in 2012, Bristol-Myers Squibb's Plavix, AstraZeneca's Seroquel, Merck & Co.'s Singulair, Takeda's Actos, and Amgen's Enbrel, all face patent expirations. To put the patent losses into perspective, more than double the value of drugs are expected to lose their patents in 2012 compared to in 2011.

While some sources are bemoaning these losses as a big hit to the drug industry, which they naively view as the medical saviors of mankind, the patent losses are a big win for the public. Not only do they demonopolize drug industry control over FDA-approved medical treatments, thus reducing costs for patients, but they also stop the industry from endlessly raking in billions of dollars in profits for products that cause millions of serious injuries and deaths every year (http://www.naturalnews.com/024632_drug_drugs...).

The drug industry is not giving up, though, as it scrambles to concoct new blockbuster drugs to keep the cash cow flowing. But sources say many drug companies are having difficulty coming up with new ones. And they face additional problems from the growing awareness that many natural remedies are superior to drugs because they provide increased benefits and real improvements, without the harmful side effects.

Sources for this story include:

http://www.prnewswire.com/news-releases/phar...

Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support NaturalNews.com by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

Reprinting this article:
Non-commercial use OK, cite NaturalNews.com with clickable link.

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

GET SHOW DETAILS
+ a FREE GIFT

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.