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Antitrust Enforcement in the Pharmaceutical Industry: Successes ...
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Topic: Pharmaceutical Industry
Sort Desciption: “Antitrust Enforcement in the Pharmaceutical Industry: Successes and Challengesâ€. Thank you very much; it is a pleasure to be here to discuss antitrust ...
Content Inside: 1 The views I express here are my own and do not necessarily reflect the views of the Federal Trade Commission or any other Commissioner. 1 The Federal Trade Commission Remarks of Deborah Platt Majoras Chairman of the Federal Trade Commission 1 Delivered at ACI Conference on Pharmaceutical Antitrust Issues May 16, 2007 New York, New York “Antitrust Enforcement in the Pharmaceutical Industry: Successes and Challenges†Thank you very much; it is a pleasure to be here to discuss antitrust issues in the pharmaceutical industry. Your discussions over these two days come at an important time in the development of the antitrust laws, intellectual property policy, and the pharmaceutical industry. A current primary focus for the FTC, and indeed the antitrust community, is the proper alignment and interaction of the antitrust and intellectual property laws. While IP and IP rights have always been important to the U.S. economy, today IP, like competition, plays a truly central role in promoting innovation, economic growth, and consumer welfare. And both, of course, play a crucial role in the pharmaceutical industry. The Antitrust Modernization Commission, which Congress established three years ago, recently refuted those who tend to think of the antitrust laws as antiquated rules, finding that “the state of the U.S. antitrust laws [is] sound†and that “[t]here is no need to revise the antitrust laws 2 Antitrust Modernization Commission, Report and Recommendations (April 2007), available at http://www.amc.gov/report_recommendation/a mc_final_report.pdf, at i, 9 (quotations omitted). 2 to apply different rules to industries in which innovation, intellectual property, and technological change are central features.†2 While we do not need to update the antitrust laws, this is nonetheless a critical time in the history of antitrust policy and enforcement. Over the past quarter of a century, in the United States and throughout the world, regulation and ...
antitrust pharmaceutical industry
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