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Judge Blocks Generic Lipitor; Pfizer Stock Rises 7.7%

... Judge Blocks Generic Lipitor; Pfizer Stock Rises 7.7% - December 20, 2005 - The New York Sun - NY Newspaper Sign In | Subscribe Now December 20, 2005 edition of The New York Sun Search our Archives Advanced Search NEWS Home National Foreign Editorial & Opinion New York Business Sports Obituaries Video Weather Recent Editorials Blog It Shines For All RSS FEATURES Fall Guide Arts & Letters Entertainment On The Town Out & About Food & Drink Photo Gallery Style Knickerbocker Calendar Multimedia Real Estate Careers Crosswords Parenting Recent Profiles Travel CLASSIFIEDS Careers Real Estate Automotive Notices Merchandise Services Pets Financial NY Sun Job Opportunities Yellow Pages View Display Ads Place A Classified How To Advertise December 20, 2005 Edition > Section: Business Printer-friendly version Email this article Judge Blocks Generic Lipitor; Pfizer Stock Rises 7.7% By NICOLE OSTROW - Bloomberg News December 20, 2005 A D V E R T I S E M E N T A D V E R T I S E M E N T Shares of Pfizer rose 7.7% after a U.S.

court ruling blocked generic competition until 2011 for the cholesterol drug Lipitor, the world's best-selling prescription medicine.

U.S.

District Judge Joseph J.

Farnan Jr.

said on Friday that a version of the drug by India's Ranbaxy Laboratories would infringe Pfizer's patents, and he also upheld the validity of the two patents....

Pfizer shares boosted by patent win

...Bloomberg News and the Associated Press contributed to this article.

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The Genesis of President Bush’s New Freedom Commission on Mental ...

... The Washington Post, on June 16, 2005, reported a statement by House Energy and Commerce Committee Chair, Joe Barton (R-Texas), about the current conditions of Medicaid throughout the nation.

He said, “We have reached a point where there just are not enough taxes or taxpayer money to keep Medicaid going,” adding, “Medicaid eventually will bankrupt every state in the nation.” With the rising Medicaid expenses to state budgets, states are scrambling to rein in costs and meet budgetary constraints.

Ohio Representative, Catherine Barrett, expressed concerns for these issues: “Ohio's Medicaid spending on drugs for mental health, needs a Task Force and an Oversight Commission to investigate the spike in Medicaid spending on antipsychotic drugs.” In an interview with WIMA-AM Radio in November 2005, Hogan had this to say on OMAP in Ohio: “…frankly it didn’t work very well for us and we’ve discontinued it…..Increasingly it’s clear that the scientists don’t have pretty good information to give the doctors about which works best……So we thought, and frankly I thought at one point in time that this kind of algorithm where you’d give the docs, ‘Try this first, try this second,’ would be a good idea but it just hasn’t worked that well.” That must have been a pretty expensive lesson in Ohio.

Today and Tomorrow This is not a complete report on what is happening today regarding the implementation of these pr...

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