Word: ftc
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...Federal Trade Commission (FTC), though, argued in June that giving biologics makers any period of exclusivity at all could actually stifle innovation. Biologics are so much more complex and expensive to produce than traditional drugs that the barriers to would-be "biosimilar" competitors are already high, the FTC said. Giving biologics further protection - particularly the 12 years of exclusivity that the industry wants - would merely encourage firms to tinker with what they have rather than drive them toward "new inventions to address unmet medical needs...
...authorities are cracking down. Over the summer, the Federal Trade Commission (FTC) announced a wave of cases, including one against Job Safety USA, a front company that targeted people seeking maintenance and cleaning work. The ads claimed that for $98 Job Safety would send a credential called a "certificate registration number" and then help the registrant find a job. But the credential was bogus and there were no jobs. "When the economy is down, scammers take advantage of people who are anxious about their financial position," says FTC attorney Karen Hobbs. A growing area of concern: unemployment-insurance scams. (Make...
...block the deal, claiming the merger will create a conglomerate that will shut out competition and lead to higher ticket prices. "This is deemed by many to be the first test case in the Obama Administration," said Marc Schildkraut, a former assistant director with the Federal Trade Commission (FTC) and now a partner at Howrey Simon Arnold & White...
...business managers, lawyers, agents and venue owners who want a piece of the pie, and allow artists to deliver services "quicker, faster, better and cheaper" to its fans, said Luke Froeb, associate professor at Vanderbilt University's Owen Graduate School of Management and a former senior economist with the FTC and Justice Department. From a stock perspective, Citigroup analyst Mark Mahaney sees significantly bigger growth than Ticketmaster would enjoy...
...time, but they do so at a significant risk. When Kentucky Fried Chicken tried to claim that fried chicken could be part of an effective diet program in 2004, the Federal Trade Commission penalized the company, requiring it to pull the commercials and submit all advertising for FTC review for the next five years. Mendacity in commercial advertising can also carry a steep financial price. In 2007, the FTC fined four diet-pill manufacturers $25 million for making false claims about their products...