And on average, brand-name drugs cost four times more than generic drugs
There isn't a strong voice out there for generic drugs
,'' said Robert Seidman, chief pharmacy officer for WellPoint.
According to the Congressional Budget Office, generic drugs
save consumers an estimated $8 to $10 billion per year when compared with the price of brand-name products.
He adds that the regulations allow brand-name drug companies to stop Health Canada approval of generic drugs
simply by alleging patent infringement.
The top five manufacturers of generic drugs
that are used by the respondents are Sawai Pharmaceutical (43.
Sale of generic drugs
also holds importance for entities such as wholesalers, pharmacies, and pharmacy benefit managers, as the sale of generic drugs
provides higher profit margins than the sale of branded drugs.
submissions to the FDA have more than doubled over the last five years, and the agency approved a record 682 generics in fiscal 2007.
For example, generic drug
products that contain the ozone-depleting substance chlorofluorocarbon will be withdrawn from the market after 2008.
The study, titled 'Timely Access to Generic Drugs
: Issues for Health Policy in Canada,' was prepared for the Canadian Drug Manufacturers Association (CDMA) and analyzed the approval of 34 generic drugs
between 1995 and 1999.
By now, there are more than 10,000 kinds of generic drugs
in China, accounting for the vast majority of drug consumption market.
Our new analysis shows you the most lucrative parts of the world industry for generic drugs
Now, they think they have finally found a middle ground: generic drugs
African nations planned on arguing their right to produce or purchase cheaper generic drugs
in response to the AIDS crisis in Africa.
Editor Ann Latner said the new title is designed to assist pharmacists "foster optimal utilization of generic drugs
The more Canadians realize the cost savings that generic drugs
provide, the greater incentive governments will have for making the most of these opportunities.