Mike Lee actually said...

On average, it takes 10 years and $1 billion to develop and gain FDA approval for a new drug.

I want to talk just a little bit about our use of the term 'pay for delay' today.

Wouldn't you have to concede that then in that circumstance you've got pro-competitive effects?

Some brand-name manufacturers have chosen to settle lawsuits filed by generics instead of litigating.