video transcript

It's been important decision yesterday have Supreme Court involving generic drugs and how quickly become to market and whether there's some anti competitive behavior going on. -- Tulsa about this complicated dealer gets to the heart of some important antitrust. And the branding companies have generally. Faced challenges to their patented drugs by saying look we'll pay you generic manufacturers not to come on the market. Until we you know to give us more. -- is our company took a little -- branded companies say hey got to let this thing go yeah. They turn around instructor there will pay some money go away when I keep the branding for a little while courts. -- generally -- these things thing because a -- usually comes out that the generic brand is -- allowed to come on the market before the patent becomes stupid for the patent expires -- a lot of courses there's nothing wrong with that but the federal -- commissioners wanted to -- But these things are anticompetitive. A lot of these patents -- weak. Generic companies ought to be allowed to challenge them. To see whether they hold up to see whether they actually can -- a Supreme Court -- supported this art -- said look we're not gonna presume that these things are legal but we aren't gonna allow you to go ahead and -- which is a picture changes allow the FTC there you see a sense of the government will bring an antitrust case against these settlements and look. The only purpose for this settlement is to keep the generics off the market. That you know prevents consumers from having. Cheaper -- -- that kind of affect the market and and you only or if it's a good decision Mittal expects the market because -- what what happened on these seats is that. Generic covers what it is they wanna be the first challenge is isn't certain period of exclusivity which they make us that profits. What what what these pay for delays encouraged is that. They're filed suit to challenge but then it's okay we're not actually gets seller any drugs basically during the six months since that during that six months you would get comments companies would would. Rack up a lot and that's a lot of variety about -- -- settlement and and that Supreme Court was saying looks sometimes maybe these settlements to make sense sometimes maybe the settlements end up getting to -- the generic drug on the market. Earlier than they would've. And gotten onto the market otherwise but sometimes it's clear its and that -- that just doing -- the keys to smell drug markets are to the rule go far enough. Do we think that means is that well. I I I think it was I think it makes sense I mean it's not gonna satisfy a lot of people lot of peoples of these -- would like to say you know really put and the government has often encourage -- you know we want -- -- generics get on the market. Much faster let's just assume these settlements. Our anti competitive and and you know and then let them let them justified that you know -- the very least this allows challenges to go forward. Because a lot of hat has what happened is there's been multiple patents covering the drug and the cut the generic company would. -- wanna come to the market but then the question is what about these other patents in NASA they could go this could go to court could ultimately it's like the benefits at the end of the day as its shareholders is that consumers -- and its consumers more than anyone. They've managed care companies -- -- make their mind if I won't actually make is mostly because what happens is they. It cuts -- legal costs and it's kind of it's -- No one wants to go to court you -- -- waited right but what this ultimately does is the excellent challenge more settlements and drugs and probably -- -- start to believe it fair and we will be back -- more breaking news tomorrow.