By almost 6 to 1 (59% to 11%), voters said they trust the generics makers more than they trust the brand-name drug
makers to push in these settlements for an outcome that benefits patients.
In pay-to-delay deals, brand-name drug
makers pay generic drug makers to keep their cheaper version of the drug off the market for an agreed period of time, the AP reported.
Insurers "making mid-year formulary changes [should] only be permitted to move the brand-name drug
to a different cost-sharing tier for the remainder of the plan year.
In 2017, the average retail cost of 260 generic drugs widely used by older adults for chronic conditions was $365 for a year of therapy, compared with $6,798 for brand-name drugs
. In 2013, that same year of therapy with an average brand-name drug
($4,308) was only 5.7 times more expensive than the generic ($751), the AARP wrote in the report, produced in collaboration with the PRIME Institute at the University of Minnesota, Minneapolis.
Table 1: Knowledge-based questionnaire and their correct responses Questions Responses (%) Generic medicine and generic name of a drug are 53.92 different Generic medicine differs from their innovator 41.94 brand-name drug
in nature of excipients Generic medicine looks different because the 43.78 coloring and flavoring agents are different Cost of generic medicine is lesser than the 62.21 innovator brand-name drugs
Cost of generic medicines is different because 47.93 multiple generic drug companies are approved to market a single, thus creating competition in the market Jan Aushadhi Yojana promotes awareness about 32.11 cost-effective drugs and their prescription There are 206 and 4 generic drug stores in 37.37 Maharashtra and Solapur, respectively.
A new study finds that older Americans are being gouged by the prices of brand-name drugs
, which skyrocketed last year at a rate 130 times faster than inflation.*
Statistics show that patients initiating therapy in six classes of chronic medications, who began therapy with a generic medication, had adherence rates five to seven percent higher than similar patients beginning therapy with a brand-name drug
"If the competition goes away, you're back to a single-source medication, and it becomes like a brand-name drug
again, which is not in the best interest of patients."
The respondents indicated that the prescription (34.1%) and other information given by the pharmacist (32.9%) had the greatest influence on the decision by the patient to choose generic or brand-name drugs
. Sixty percent of physicians reported choosing cheaper equivalents of brand-name drugs
when buying prescription drugs for themselves and were more willing to consider generics when prescribing drugs for patients (p<0.005).
Under the Drug Price Competition and Patent Term Restoration Act, commonly called the Hatch-Waxman Amendments, '"generic drugs can gain FDA approval simply by showing equivalence to a reference listed drug that has already been approved by the FDA." (47) A reference listed drug, "typically a brand-name drug
," (48) is "the listed drug identified by the FDA as the drug product upon which an application relies in seeking approval of its abbreviated application." (49)
In Mensing, the high court reasoned that because the law requires generics to have the same labels as brand-name drugs
, generic manufacturers can't be subject to failure-to-warn claims.
The latest litigation involves allegations that brand-name drug
makers are refusing to sell product samples to generic-drug companies for bioequivalence testing--testing that determines whether the generic version of a drug is the exact replica of the brand-name version.
Under what circumstances is it safe to prescribe generics, or to substitute a generic for a brand-name drug
? Are brand-name drugs
But circumstances sometimes dictate that a brand-name drug
be used, and for some medications, there is no generic option.
Very occasionally, a difference in how a generic drug is flavored or shaped or coated may mean that the patient absorbs or processes it differently from the brand-name drug
, but there really should be no clinical issue to worry about.