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US: Moody’s report finds generic drug market faces consolidation

By  |  August 8, 2013
US: Moody’s report finds generic drug market faces consolidation

A recent report by Moody’s Investor Service found that following regulatory crackdowns on the pharmaceutical market, the generic drug industry will likely experience rapid consolidation in the near future. According to Moody’s, the recent US Supreme Court decision, which found that drug makers can face lawsuits regarding pay-for-delay agreements, will lead to an influx of Federal Trade Commission scrutiny over the industry as well as class action litigation, many such cases have been on hold since before the Supreme Court ruling. The result, said Moody’s, means threats of large liabilities that – along with other factors – could lead generic drug makers to consolidate as purchasers and regulators seek damages. The report cites last week’s decision by Teva Pharmaceuticals to settle over such an antitrust case for $485 million.

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