U.S. Prescription Drug Market Isn’t Competitive Enough: Case Of Biosimilars [Forbes]
Viatris Inc. (VTRS)
Company Research
Source: Forbes
The pricing and uptake of certain prescription drugs, such as biosimilars, is under scrutiny.GettyIn a legal ruling reported August 2nd, a 7th Circuit Court Federal Judge, Frank Easterbrook,affirmed dismissal of claimsThis argument ignores, however, the anti-trust implications of drug makers (mis)using the patent system to forestall competition. It was clearly not the intent of the Hatch-Waxman Act or the Biologics Price Competition and Act.Furthermore, the problem ofanti-competitive practicesWarped financial incentivesstatementBroadly speaking, competitive markets have numerous sellers and buyers, all of whom have relevant information to make rational decisions about the products being bought and sold firms. There’s market (information) transparency, and firms can freely enter or exit the market. Of course, very few markets are perfectly competitive. But, in a properly functioning capitalist economy, most markets for most goods exhibit a high degree of competitiveness.MORE FROMFORBE
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VTRS
News
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- Global Epilepsy Treatment Drugs Market Size To Exceed USD 12.1 Billion By 2033 | CAGR Of 4.36% [Yahoo! Finance]Yahoo! Finance
- Viatris Announces Product Donations To Direct Relief of More Than 7 Million Doses of Medicine To Support Access to Medicine and Healthcare [Yahoo! Finance]Yahoo! Finance
- Viatris to Report First Quarter 2024 Financial Results on May 9, 2024PR Newswire
- Viatris Appoints Corinne Le Goff as Chief Commercial Officer [Yahoo! Finance]Yahoo! Finance
VTRS
Earnings
- 2/28/24 - Miss
VTRS
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 3
- 4/4/24 - Form 4
- VTRS's page on the SEC website