Generic Drug Probes, SEC Committee, HSBC Hire: Compliance
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U.S. regulators, armed with a year-old Supreme Court decision, are stepping up investigations of pharmaceutical deals that delay the sale of generic drugs, arrangements they view as illegally hurting competition.
The Federal Trade Commission has opened new probes into agreements between generic and brand-name drugmakers that may lead the agency to sue for disgorgement of revenue, said Markus Meier, head of the agency’s health-care division. Companies under scrutiny include Forest Laboratories Inc. and Endo International Plc, according to regulatory filings this year.