Tags: drug | prices | high | patents | generics | i-mak

Drugmakers Abuse Patent System to Keep Prices High, Says Consumer Group

pills spilling out of bottle in shape of a dollar sign
(Dreamstime)

Friday, 16 September 2022 07:45 AM EDT

Makers of the top selling drugs in the United States are costing patients billions of dollars and worsening a drug pricing crisis by abusing the U.S. patent system to stifle competition and inflate prices, a consumer group said on Thursday.

The New York-based Initiative for Medicines, Access & Knowledge (I-MAK) said in a report that three of the top 10 selling drugs in the U.S. face no competition in the country and will cost Americans an estimated further $167 billion before they are expected to so.

"U.S. prescription drug spending, which exceeds $400 billion today, is projected to reach nearly a trillion dollars by 2030," said I-MAK, a non-profit group of lawyers and scientists part funded by groups critical of the pharmaceutical industry.

I-MAK said cheaper generic and biosimilar versions of Bristol-Myers Squibb and Pfizer's blood clot preventer Eliquis, AbbVie's Humira, and Amgen's Enbrel, both used to treat rheumatoid arthritis, will have been available in Europe for an average of 7.7 years before their expected U.S. launch.

AbbVie, Amgen, Bristol-Myers Squibb, and Pfizer, did not immediately respond to requests for comment.

Drugmakers have used the practice of seeking multiple patents for minor variations on a single invention, known as patent thickets, to stave off generic competition for decades.

"Patent abuse is not limited to a few bad actors. A growing body of evidence demonstrates that an essential part of the pharmaceutical industry's business model for top-selling drugs is now built on maintaining market control by exploiting an outdated patent system," the group said.

"Pharmaceutical companies secure hundreds of patents to block competition because they can," the report concluded.

It called on lawmakers and government agencies to end patent thickets and modernize the patent system.

Makers of the top ten selling drugs in the U.S. filed an average of 140 patent applications per drug, 66% of which followed U.S. Food and Drug Administration approval, I-MAK said. An average of 74 patents were granted on each drug, four times as many patents than in Europe.

The Swiss competition commission (COMCO) on Thursday opened an investigation into Novartis over possible unlawful use of a patent to reduce competitive pressure. (Reporting by Ahmed Aboulenein; editing by Richard Pullin)

© 2026 Thomson/Reuters. All rights reserved.


Health-News
Makers of the top selling drugs in the United States are costing patients billions of dollars and worsening a drug pricing crisis by abusing the U.S. patent system to stifle competition and inflate prices, a consumer group said on Thursday. The New York-based Initiative for...
drug, prices, high, patents, generics, i-mak
364
2022-45-16
Friday, 16 September 2022 07:45 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Find Your Condition
Get Newsmax Text Alerts
TOP

The information presented on this website is not intended as specific medical advice and is not a substitute for professional medical treatment or diagnosis. Read Newsmax Terms and Conditions of Service.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved