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Washington
(H24N).
The National Organization for Women has blasted Bristol-Myers Squibb
for blocking the release of a generic version of one of its drugs
used for treating cancer of the breast and ovaries, and for treating
AIDS patients.
A
patent dispute among Bristol-Myers, the Ivax Corp. and a small Santa-Monica-based
biotechnology firm called American BioSciences Inc. was heard in
a federal courthouse in Los Angeles today. U.S. District Judge William
Matthew Byrne Jr. will review the claims of the three companies
to decide whether Bristol-Myers may continue to market its cancer
and AIDS drug Taxol without any generic competition for the next
few years, or whether Ivax will be able to sell a generic form of
the drug.
Bristol-Myers
has held exclusive rights to develop and market Taxol since 1992,
when it acquired the drug from the government scientists who discovered
it from the bark of the Pacific yew trees found in the Washington
forest. Bristol-Myers made about $1 billion from U.S. sales of Taxol
last year. Experts estimate that the price of Taxol would drop about
one-third in the first six months if a generic drug were introduced
on the market, and by about half after that.
"In
a truly reprehensible example of corporate welfare and greed, Bristol-Myers
Squibb continues to charge monopoly prices for Taxol, a life-sustaining
drug developed with millions of dollars of taxpayer-funded research
and urgently needed by women stricken with breast and ovarian cancers
and AIDS patients with Kaposi’s sarcoma," said National Organization
for Women (NOW) President Patricia Ireland in a statement.
Miami-based
Ivax received tentative approval from the Food and Drug Administration
(FDA) to market its generic paclitaxel 6 last month. Several weeks
ago, however, American BioSciences sued Bristol-Myers over a patent
for its generic Taxol drug.
Bristol-Myers
quickly agreed to settle with American BioScience. If the court
approves the settlement, Ivax will have to prove that its generic
drug does not infringe on American BioScience’s patent, which could
take another 30 months. During the 30-month period, there would
be no generic competition for Taxol, and Bristol-Myers could stand
to make another $2 billion off of its drug. Ivax has already endured
one 30-month waiting period, which ended this summer.
"By
exposing Bristol-Myers’ blatant manipulation of the regulatory and
judicial systems, NOW intends to pressure the company to stop its
unconscionable, and so far successful campaign to block FDA approval
of a generic version of Taxol," Ireland said. "We are
calling on Bristol-Myers to stop this irresponsible corporate behavior.
This would substantially reduce the cost of Taxol and help meet
the needs of desperately ill patients, and frustrated taxpayers."
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