US: Senators ask FTC to review Biosimilar patent settlements

United States Senators Chuck Grassley (R-Iowa) and Amy Klobuchar (D-Minn.) recently sent a letter to Federal Trade Commission (FTC) Chairman Joseph Simons urging the “FTC to examine global patent settlements relating to biosimilars to ensure they are not in violation of antitrust laws.”

According to the Senators, “biologics constitute a substantial and increasing portion of our nation’s healthcare costs” and “without biosimilar competition, US patients and payers will likely see additional price increases on biologics in the years to come.”

The letter notes that “pay for delay” settlements have been estimated to cost consumers US$3.5 billion per year.

The letter states that the FTC has filed lawsuits and worked with Congress to stop pay-for-delay settlements, and the Senators indicated that they “would like to continue those efforts to combat these agreements and explore their impact on the biologic market.”

Full Content: Grassley Senate

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