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“Celgene charges up to $500 per capsule for the drugs (Thalidomide, Revlimid), and has taken in $17.1 billion selling them (to MM patients and survivors) from 2009 to 2013, the suit claimed.”
Considering Celgene has made over 17 billion (B) from the sale of Thalidomide and Revlimid to multiple myeloma (MM) patients and survivors, a fine of 55 million for any wrongdoing is a pittance.
It’s essential for MM patients and survivors to remember that cancer is a business. In the case of selling MM therapies, it is a lucrative business.
Having said that, I need to go on record as saying that I don’t believe drug companies such as Celgene are evil. I believe that creating, testing, selling drugs should be a for-profit business.
As a business person myself in my pre-MM life, I believe that capitalism can work well. I’m simply writing this blog post to draw attention to Celgene not playing by the rules.
Have you been diagnosed with multiple myeloma? To learn more about evidence-based therapies shown to enhance the efficacy of both Thalidomide and Revlimid, scroll down the page, post a quetion or comment and I will reply to you ASAP.
The drugmaker was accused of antitrust violations for allegedly interfering with development of generic versions of two of its drugs.
“Drugmaker Celgene has agreed to pay $55 million to settle a class action lawsuit accusing it of violating antitrust laws by interfering with the development of generic versions of two of its cancer drugs.
Plaintiffs in the class action, a group of labor unions and other end payers, moved Wednesday for preliminary approval of the settlement. The suit claimed Celgene repeatedly hiked the prices of its drugs Thalomid and Revlimid while pursuing an anti-competitive scheme against at least 11 makers of generic drugs…
Celgene charges up to $500 per capsule for the drugs, and has taken in $17.1 billion selling them from 2009 to 2013, the suit claimed…
Thalomid is also known as thalidomide, which was developed in the 1950s as a treatment for morning sickness in pregnant women, but it was taken off the U.S. market in 1962 after it was found to cause severe birth defects.
It was approved in 1998 as a treatment for leprosy, and more recently was used in conjunction with steroids to treat multiple myeloma.
Revlimid is similar to Thalomid and is also used for myeloma. Approval in 1998 was contingent on participation in the REMS program to ensure pregnant women do not use the drugs.
The Thalomid and Revlimid litigation claimed Celgene violated the Clayton Act and Sherman Act, and raised various antitrust, unfair trade practices and unjust enrichment claims under the laws of several states…
Generic equivalents of Thalomid and Revlimid were delayed for years due to the conduct of Celgene, the suit claimed.
The settlement class consists of people or entitles who paid the purchase price of Thalomid or Revlimid in California, the District of Columbia, Florida, Kansas, Maine, Massachusetts, Michigan, Nebraska, New York, North Carolina, Oregon, Pennsylvania, Rhode Island or Tennessee, for consumption by themselves, their families, or their members, employees, insureds, participants or beneficiaries.
Whitney Street, a Block & Leviton partner who worked on the case, said in a statement, “We are pleased to have obtained a substantial recovery on behalf of cancer patients and other parties that bear the skyrocketing cost of these lifesaving drugs.””