dentifier":" anf-body-
31","inlineTextStyles":[{"range":{"length": 226,"start":0},"textstyle":"anf-ts-
1"},{"range":{"length": 226,"start":0},"textStyle":" anf-ts-1"}],"layout": "default-
body", "role":"body","text":"In 2000, the agency issued a formal warning letter, saying
that it had evidence the company was improperly marketing Thalomid for a variety of
cancers as well as to promote a feeling of “general well-beingâť in cancer
patients.","type":"text"},{"identifier":" anf-body-
32","inlineTextStyles":[{"range":{"length":175,"start":0},"textStyle":"
anf-ts-
1"},{"range":{"length":175,"start":0},"textstyle":" anf-ts-1"}],"layout": "default-
body", "role":"body","text":"“Perhaps more than for any other available drug, the need
to provide and distribute thalidomide responsibly is essential to the public health, â€
the agency wrote in the
letter.","type":"text"}, {"additions":[{"URL":"https://www.sec.gov/Archives/edgar/data/8
16284/000100515001000229/0001005150-01-
000229.txt","range":{"length":20,"start":286},"type":"link"}],"identifier":" anf-body-
33","inlineTextStyles":[{"range":{"length":517,"start":0},"textStyle":" anf-ts-
1"},{"range":{"length":517,"start":0},"textStyle":"_anf-ts-1"}],"layout": "default-
body", "role":"body","text":"Over the next few years, however, Mr. Hugin and other top
executives repeatedly referred to Thalomid – and later Revlimid – as the key to
Celgene’s financial future, even though it would not get formal approval to market
the drugs to treat certain cancers until 2005 and 2006. In 2001, the company reported
that 92 percent of Thalomid’s prescriptions were being written to treat cancer, and
at an investor conference in 2004, Mr. Hugin said, “Thalomid is important, because it
is the financial engine that drives us.â€","type":"text"},{"identifier":" anf-body-
34","inlineTextStyles":[{"range":{"length":171,"start":0},"textstyle":"_anf-ts-
1"},{"range":{"length":171,"start":0},"textStyle":" anf-ts-1"}],"layout": "default-
body", "role":"body","text":"Celgene has denied that it engaged in illegal marketing,
saying it settled the lawsuit in 2017 to avoid the uncertainty, distraction and expense
of protracted litigation.â€","type":"text"},{"identifier":"_anf-body-
35","inlineTextStyles":[{"range":{"length":186,"start":0},"textStyle":"anf-ts-
1"},{"range":{"length":186,"start":0},"textStyle":"anf-ts-1"}],"layout":"default-
body", "role":"body","text":"The incredible demand for Thalomid, and later Revlimid, as
promising treatments for multiple myeloma, a disease that affects more than 30,000
patients a year, was a windfall for
Celgene.","type":"text"},{"additions":[{"URL":"https://media.celgene.com/content/upload
s/revlimid-long-
form.pdf","range":{"length":17,"start":200},"type":"link"}],"identifier":"anf-body-
36","inlineTextStyles":[{"range":{"length": 218,"start":0}, "textstyle":" anf-ts-
1"},{"range":{"length": 218,"start":0},"textstyle":"anf-ts-1"}],"layout": "default-
body", "role":"body","text":"Introduced to the market in 2006, a month’s supply of
Revlimid, a closely related derivative of thalidomide, initially cost about $6,000. By
2017, Celegene had raised the price of a month’s supply to more than
$16,000.", "type": "text"},{"identifier":" anf-heading4-
3","layout":"heading4","role":"heading4","text": "A brutal battle to fend off generic
drug makers","type":"text"},{"identifier":"anf-body-
37","inlineTextStyles":[{"range":{"length":328,"start":0},"textStyle":"anf-ts-
1"},{"range":{"length":328,"start":0},"textStyle":"_anf-ts-1"}],"layout":"default-
body", "role":"body","text":"The company was able to aggressively raise prices in part
as a result of its legal monopoly. Under federal regulations, a pharmaceutical company
can exclusively market a drug for up to seven years. Once that period expires, along
with any patents, the market opens to generic competition and prices typically fall
precipitously.","type":"text"},{"identifier":"anf-body-
38","inlineTextStyles":[{"range":{"length":113,"start":0},"textstyle":"_anf-ts-
1"},{"range":{"length":113,"start":0},"textStyle":"anf-ts-1"}],"layout":
"default-
body", "role":"body","text": "To protect the profits from Revlimid and Thalomid, Celgene
mounted an aggressive campaign to extend its
monopoly.","type":"text"},{"identifier":" anf-body-
39","inlineTextStyles":[{"range":{"length":269,"start":0},"textStyle":"_anf-ts-
1"},{"range":{"length":269,"start":0},"textstyle":"_anf-ts-1"}],"layout":"default-
body", "role":"body","text":"“They’™™ve gone to pretty great lengths to protect that
drug and to build as many walls around it as they can,†said Michael Brzica, the vice
president for federal government affairs at the Association for Accessible Medicines,
the generic drug industry’s lobbying group.","type":"text"},{"identifier":"anf-body-
40","inlineTextStyles":[{"range":{"length":145,"start":0},"textStyle":" anf-ts-
1"},{"range":{"length":145,"start":0},"textStyle":"anf-ts-1"}],"layout":"default-
body", "role":"body","text":"Celgene has been repeatedly accused of restricting access
to samples of its drugs, which generic companies need to test their competing
HOUSE_OVERSIGHT_028419
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document