Bristol Myers Squibb has been accused in a new lawsuit of using fraudulent patents and other illegal tactics to maintain its monopoly on blockbuster blood cancer drug Pomalyst for years after it should have faced generic competition. In a complaint filed on Tuesday in Manhattan federal court, Blue Cross Blue Shield of Louisiana said the company violated U.S. antitrust law and had caused purchasers of the drug to overpay 'by many hundreds of millions, if not billions, of dollars.' The health insurer brought the claim on behalf of a proposed nationwide class of entities that paid for Pomalyst since October 2020, when it claimed generic versions of the multiple myeloma treatment would have launched if not for the illegal scheme.
- Bristol Myers Squibb has been accused in a new lawsuit of using fraudulent patents and other illegal tactics to maintain its monopoly on blockbuster blood cancer drug Pomalyst for years after it should have faced generic competition.
The health insurer brought the claim on behalf of a proposed nationwide class of entities that paid for Pomalyst since October 2020, when it claimed generic versions of the multiple myeloma treatment would have launched if not for the illegal scheme. The drug was developed by Celgene, a company acquired by Bristol Myers in 2019. Tuesday's lawsuit claims that Celgene fraudulently obtained multiple patents on it based on information that was already in the public domain, a fact it concealed from the U.S. Patent and Trademark Office while it was applying for the patents.
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