Biogen logo is seen at its headquarters in Cambridge, Massachusetts. Credit: Tada Images/Adobe Stock 'Unfair Business Practices'?: Lawsuits Allege Big Pharma Multiple Sclerosis Drug Monopoly
"Biogen's anticompetitive conduct, and the PBMs' participation in it, delayed and substantially diminished the sale of generic Tecfidera in the United States, and unlawfully enabled Biogen to sell Tecfidera and Vumerity at artificially inflated units and prices," according to the allegations in three complaints accusing Biogen of monopolizing the multiple sclerosis drug market.
September 26, 2024 at 07:07 PM
3 minute read
The original version of this story was published on National Law Journal
What You Need to Know
- Three lawsuits allege Biogen Inc. forces multiple sclerosis patients to overpay for their medication.
- Baltimore city officials and other plaintiffs accuse Biogen of monopolizing the MS drug market.
- Biogen received FDA approval of Tecfidera in 2013 and Vumerity in 2019 for treating MS.
A global drug company that makes life-saving treatments for multiple sclerosis is accused of impairing generic competition and forcing sufferers of MS to overpay for their medication.
Three antitrust class actions filed in Chicago federal court allege Cambridge, Massachusetts-based Biogen Inc. maintains an unlawful monopoly in the market for Vumerity, Tecfidera and their generic equivalents for treating MS in violation of federal and state laws.
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