General Biotechnology

The Reformulation Playbook: How Pharma Uses 505(b)(2) to Lock In New Patents, Block Generics, and Reset Prices

Pharma’s “reformulation playbook” is getting louder—and investors should pay attention.
For years, the market narrative has been simple: when a blockbuster’s patent clock runs out, generics rush in, prices fall, and revenue declines. But the industry…

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