Illegal Patents on Effexor Earned Wyeth/Pfizer Millions?
The federal government has reportedly filed a lawsuit against Pfizer, which now owns Wyeth, maker of the SSNRI drug called Effexor. The claim is that Pfizer/Wyeth made millions through monopolistic practices and lies.
Full story here: http://www.mercurynews.com/business/ci_18432434
UPDATE: My apologies on using "Billions" instead of "Millions" in the headline (corrected). That was an honest word-switch typo and not an attempt to hype the situation.
HOLBROOK MOHRAs part of the alleged scheme, Uniondale Chemists claims, Wyeth misrepresented studies by "fraudulently claiming clinical data showed that Wyeth's extended release version of venlafaxine hydrochloride, Effexor XR, reduced the incidence of nausea and vomiting associated with instant release Effexor."
HOLBROOK MOHRUniondale Chemists Inc., a retail pharmacy in Uniondale, N.Y., filed the lawsuit Tuesday in U.S. District Court in Mississippi against Wyeth LLC, which is now part of Pfizer Inc. The lawsuit claims the patent on Wyeth's Effexor expired in June 2008 and the drug maker fraudulently obtained three patents on extended-release versions.