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Abraxis, despite having a close generic competitor for its drug, appears to be benefiting from the insurance industry's acquired habit of paying for whatever the cancer doctor prescribes.
Also, with only one generic competitor for Prilosec, there will probably be a shallower discount from AstraZeneca's price of $4 a pill, perhaps to $3 rather than $1 or $2, which would be typical under full-blown competition.
The stock is tied to court rulings allowing a generic competitor for its biggest single drug, Wellbutrin XL, but the technology has lots of applications and upside.
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Over the last few weeks, the Food and Drug Administration approved three generic competitors for its best-selling pain management drug, Zanaflex.
Until the recent introduction of branded and generic competitors for the osteoporosis drug market, Fosamax was one of the most popular drugs in the United States.
As a trade-off for opening that market to generic competitors for the first time, the Senate health committee last week voted 16 to 7 to give the name-brand drug companies 12 years of exclusive marketing rights before a copycat biologic drug could go on the market.
The company, based in Gurgaon, India, said it would have the only generic competitor to Lipitor for six months as a reward for being the first to challenge the medicine's patents.
A Key Market Generic Competitor Starts Sales in India The market for Glivec certainly seemed promising.
Pay for delay agreements are frequently made by brand-name pharmaceutical companies to pay a generic competitor to hold its competing generic product off the market for a specified period of time, thereby avoiding competition for a lower-priced generic.
In addition to Avandia, the charge partly resulted from the settlement of product liability and antitrust litigation relating to Paxil, a drug for anxiety and depression for which the company had been fighting a rival, Apotex, over a generic competitor.
One provision would allow only one automatic 30-month stay at most in patent infringement litigation against a generic competitor.
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