Amgen suit.Amgen Suit: Johnson & Johnson has filed an antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. suit accusing rival Amgen Inc. of using illegal leverage to drive its drug, Procrit, out of the market. In a suit filed in federal district court, Johnson & Johnson claims the Thousand Oaks-based biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. giant bundles sales of its drugs in a way that forces cancer clinics to buy Amgen's Aranesp at the expense of Procrit. Both Aranesp and Procrit are versions of erythropoietin erythropoietin /eryth·ro·poi·e·tin/ (-poi´e-tin) a glycoprotein hormone secreted by the kidney in the adult and by the liver in the fetus, which acts on stem cells of the bone marrow to stimulate red blood cell production , a protein that bolsters the body's production of red blood cells Red blood cells Cells that carry hemoglobin (the molecule that transports oxygen) and help remove wastes from tissues throughout the body. Mentioned in: Bone Marrow Transplantation red blood cells . |
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