If you’ve been waiting for the generic version of your prescription drug to hit the marketplace, you may have to wait months longer. Brand-name manufacturers of more than two dozen drugs paid potential rivals to hold off on production, according to a Federal Trade Commission announcement last week.
Twenty-eight “pay-for-delay” deals were struck between October 2010 and September 2011 for drugs with combined annual U.S. sales of more than $9 billion, an FTC study found.
Pay-for-delay deals set back the introduction of generics by an average of 17 months, the report said, and prohibiting the deals would “reduce the federal deficit by $2.67 billion over 10 years.”
The agency has challenged some settlements in court, calling them anti-competitive and a violation of U.S. antitrust laws.
Bicycles recalled for bad bolt
About 27,000 Trek and District brand bicycles sold this year are being recalled after it was found that a bolt that secures the seat can break, the U.S. Consumer Product Safety Commission said last week.
Models affected are Trek 7.2 FX, 7.3 FX, 7.4 FX and 7.5 FX and District models WSD, Livestrong and Disc. The last two digits of the SKU number stamped on the bike are 12.
Contact a Trek dealer for a free replacement bolt. Call 800-373-4594 for information.
More from Star Tribune
More from Whistleblower
The Whistleblower column and blog are shutting down, but our commitment remains to investigating tips from readers.
A Baltimore couple and their company were ordered to pay back $616,000 to Spanish-speaking immigrants for immigration services that they were neither qualified nor authorized to provide, the Federal Trade Commission announced last week.
A company that labeled millions of Facebook users as a "jerk" or "not a jerk" is facing federal scrutiny after the agency said it improperly obtained information to create user profiles.
CenterPoint agreed last week to pay at least $192,500 to settle a lawsuit filed by the City of Minneapolis and various insurance companies after a gas explosion near a south Minneapolis Cub Foods in 2011.
A company accused of "mortgage scams" spent at least $2 million for a direct-mail campaign aimed at Minnesota veterans, according to the Minnesota Department of Commerce.
Recommended For You
St. Anthony officials drew widespread protests over his recent reinstatement.
A Republican state legislator is proposing tax cuts for Minnesota Olympic medalists who said the elite athletes shouldn't be "financially penalized upon returning home."
Michael Printy Arthur
Especially if they want to do right for Mexico's least fortunate.
More than half the people outside the government who met with Hillary Clinton while she was secretary of state gave money — either personally or through companies or groups — to the Clinton Foundation. It's an extraordinary proportion indicating her possible ethics challenges if elected president.