Intense Pharmaceutical Lobbying Prompts Inquiry

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First Posted: 11- 2-09 11:01 AM   |   Updated: 11- 2-09 04:40 PM

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Drug Makers

A lobbying war between two pharmaceutical companies vying to market a generic blood-thinner has prompted an inquiry by Sen. Chuck Grassley and Senate Finance Committee Chairman Max Baucus, reports the Wall Street Journal.

Drug makers Amphastar Pharmaceuticals Inc. and Momenta Pharmaceuticals Inc.
both applied to the Food and Drug Administration several years ago to make a generic version of the blood-thinning drug Lovenox, produced by Sanofi-Aventis, a pharmaceutical maker which lost the patent on the drug a year ago.

Since applying, both drug makers have invested heavily in lobbyists to strengthen their ties to lawmakers. Amphastar hired high-powered lobbyist Tony Podesta while Momenta brought in Republican lobbyist Mark Isakowitz and Democratic lobbyist Chris Jennings.

But the lobbying feud intensified after Amphastar filed a formal complaint against FDA drug regulator Janet Woodcock, alleging a conflict of interest with Momenta. Amphastar then hired private investigation firm Kroll to look into Woodcock's background.

From the Wall Street Journal:

That prompted a Sept. 24 letter from the Senate Finance Committee's chairman Max Baucus, (D., Mot.), and ranking Republican, Chuck Grassley of Iowa, in which the two senators said it was "troubling" Amphastar was hiring an outside firm to investigate one of its regulators. The senators asked Amphastar for documents on the matter.

According to lobbying disclosure reports, Amphastar spent $80,000 lobbying in the third quarter through Podesta Group for "FDA reform and an abbreviated new drug application process."

Momenta, meanwhile, spent a total of $50,000 lobbying in the third quarter through both Jennings' and Isakowitz's firms for "cost containment policies... for affordable generic biologic medications."

A lobbying war between two pharmaceutical companies vying to market a generic blood-thinner has prompted an inquiry by Sen. Chuck Grassley and Senate Finance Committee Chairman Max Baucus, reports the...
A lobbying war between two pharmaceutical companies vying to market a generic blood-thinner has prompted an inquiry by Sen. Chuck Grassley and Senate Finance Committee Chairman Max Baucus, reports the...
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- Lahonda I'm a Fan of Lahonda 23 fans permalink
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To me, Corporate-­run-Govern­ment is a lot scarier than Government­-run-Healt­hcare.

A company doesn't vote therefore its 1st A. rights are questionable. Lobbying is illegal.

    Reply    Favorite    Flag as abusive Posted 01:24 PM on 11/03/2009
- psk I'm a Fan of psk 10 fans permalink
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I agree lobbying and lobby groups for corporations should be illegal. Those whom we have elected seem to believe they owe their attention to corporations rather than to their constituency.

    Reply    Favorite    Flag as abusive Posted 11:32 PM on 11/02/2009
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If these pigs could get their mouths out of the special interest trough long enough, they might be made to understand that the lobbying process is unethical and should be illegal.'

A corporation is not a person. It does not deserve representation in the halls of our legislative bodies.

    Reply    Favorite    Flag as abusive Posted 10:55 PM on 11/02/2009

Universal health care

good articles; http://financeopinionss.blogspot.com

    Reply    Favorite    Flag as abusive Posted 09:38 PM on 11/02/2009

The FDA is the most crooked department of our government, and that's saying something!

    Reply    Favorite    Flag as abusive Posted 04:25 PM on 11/02/2009
- ibsteve2u I'm a Fan of ibsteve2u 138 fans permalink
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lollll...I don't know....I think the SEC could give the FDA a run for their money...

Our money? Lobbyists' money? Both?

    Reply    Favorite    Flag as abusive Posted 08:11 PM on 11/02/2009

It called smaller government.

    Reply    Favorite    Flag as abusive Posted 08:23 PM on 11/02/2009
- loki I'm a Fan of loki 131 fans permalink
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yeah, they are inquiring into where their Cut is.

    Reply    Favorite    Flag as abusive Posted 03:41 PM on 11/02/2009

Follow the money....f­rom the crooks directly to the crooks

    Reply    Favorite    Flag as abusive Posted 03:22 PM on 11/02/2009

Wall Street, DC strikes again

    Reply    Favorite    Flag as abusive Posted 02:53 PM on 11/02/2009

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