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For the first time, it's not just voiceless millions in Africa or poor
people on Medicare that are feeling the sting of the drug companies' ability
to bilk the system. It's powerful corporations that pay top dollar for
receptive ears in Washington. The pharmaceutical industry is also finding itself where no business wants to be: in the crosshairs of federal investigators. No fewer than 20 drug companies -- including Bristol-Myers, Eli Lilly, Pfizer, and Bayer -- are being investigated by government agencies, including the Justice Department, the Food and Drug Administration, the Federal Trade Commission, and the Department of Health and Human Services.
In the latest scheme, one that is costing consumers billions of dollars, drug companies are using American courts to stall the sale of generic versions of some of their most popular products. Here's how it works: When a drug's patent is about to expire, its maker tries to ward off competition by filing frivolous lawsuits against anyone looking to make a low cost, and perfectly legal, version of the pill. |