Saturday, August 04, 2001
Tristate Summary
Duramed lawsuit can move forward
A federal judge Friday ruled an antitrust lawsuit by Cincinnati-based drug maker Duramed Pharmaceuticals Inc. could continue against American Home Products Corp. unit Wyeth-Ayerst.
That company had moved in March for the suit to be dismissed, but U.S. District Judge Sandra S. Beckwith said, “Duramed has sufficiently stated claims for antitrust violations.”
Duramed sued in September, claiming Wyeth-Ayerst illegally enticed health plans and pharmacy-benefit managers to buy only their estrogen drug Premarin, essentially shutting Duramed's alternative Cenestin out of the market.
Duramed said the incentives “are too attractive, or, in the alternative, too punitive financially to pass up.”
The Cincinnati company previously lost a battle with the U.S. Food and Drug Administration to have its estrogen drug considered the generic alternative to Premarin.
Finance author to promote book
Personal finance guru Suze Orman will stop in Cincinnati to promote her latest book, The Road to Wealth. Ms. Orman is well-known for teaching about money's emotional side as well as giving fundamental management tips during her frequent appearances on The Oprah Winfrey Show, NBC's Today, CNBC and PBS specials.
She will be at Joseph-Beth Booksellers in the Rookwood Pavilion at 7 p.m. Tuesday.
The Road to Wealth covers money issues from debt management and money psychology to sophisticated investing and estate planning.
Her other books include The Courage to be Rich and The 9 Steps to Financial Freedom.
— From staff reports
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