Whether or not it was envisioned at the time, the use
of generic drugs in the US has seen a tremendous increase since the enactment of the Act.
Kocher speculates that Amazon could reduce costs by accepting lower margins than pharmacy benefits managers — intermediaries that now make huge profits through sales
of generic drugs in particular.
The chairman of Apotex, the largest producer
of generic drugs in Canada, came under fire recently for helping to organize a $ 500 - per - ticket pay - for - access fundraiser for the party.
Not exact matches
For one thing, «There are a lot
of good
drugs on the market for heart disease right now that come
in generic form,» says Neil Lesser, a principal at Deloitte who specializes
in the life sciences,
in an interview with Fortune.
These risks and uncertainties include, among others: the unfavorable outcome
of litigation, including so - called «Paragraph IV» litigation and other patent litigation, related to any
of our products or products using our proprietary technologies, which may lead to competition from
generic drug manufacturers; data from clinical trials may be interpreted by the FDA
in different ways than we interpret it; the FDA may not agree with our regulatory approval strategies or components
of our filings for our products, including our clinical trial designs, conduct and methodologies and, for ALKS 5461, evidence
of efficacy and adequacy
of bridging to buprenorphine; clinical development activities may not be completed on time or at all; the results
of our clinical development activities may not be positive, or predictive
of real - world results or
of results
in subsequent clinical trials; regulatory submissions may not occur or be submitted
in a timely manner; the company and its licensees may not be able to continue to successfully commercialize their products; there may be a reduction
in payment rate or reimbursement for the company's products or an increase
in the company's financial obligations to governmental payers; the FDA or regulatory authorities outside the U.S. may make adverse decisions regarding the company's products; the company's products may prove difficult to manufacture, be precluded from commercialization by the proprietary rights
of third parties, or have unintended side effects, adverse reactions or incidents
of misuse; and those risks and uncertainties described under the heading «Risk Factors»
in the company's most recent Annual Report on Form 10 - K and
in subsequent filings made by the company with the U.S. Securities and Exchange Commission («SEC»), which are available on the SEC's website at www.sec.gov.
Walgreens had forecast that the prices
of generic drugs would fall — only to realize that
in fact they were rising.
After fighting unsuccessfully to reverse
generic drug laws last year, and the sudden resignation of its CEO, Shoppers Drug Mart has suffered a 17 % drop in «brand value,» to $ 2.6 billion, according to a study conducted by researcher Interbr
drug laws last year, and the sudden resignation
of its CEO, Shoppers
Drug Mart has suffered a 17 % drop in «brand value,» to $ 2.6 billion, according to a study conducted by researcher Interbr
Drug Mart has suffered a 17 % drop
in «brand value,» to $ 2.6 billion, according to a study conducted by researcher Interbrand.
However analysts point to a bounce
in Teva's shares over the past four months and a slowing
in the rate
of decline
of U.S.
generic drug prices as bright spots.
Canada's
generic drug king found himself on the wrong side
of several shaking fingers
in the past year.
Making matters worse, Teva was saddled with $ 35 billion debt from its $ 40.5 billion purchase
in 2016
of Allergan's
generic drug business Actavis, forcing it to sell assets.
Another bright spot could be the slowing
in the decline
of U.S.
generic drug prices, according to report from Credit Suisse, citing data from health information company IQVIA.
Teva said
in a statement it would soon start producing a
generic version
of the
drug that will be «priced significantly lower than Viagra,» which will result
in «millions
in savings to consumers» and «make this medication accessible to people who might otherwise not have been able to afford it.»
The reason there's no
generic Viagra yet is because Pfizer, the company that makes it, holds two patents for the
drug: the first for Viagra's composition — which expired
in 2012 — and the second for what's called a «method
of treatment,» meaning how the
drug is used.
In general,
generics are a wonderful thing — they're a lower - cost alternative to expensive, brand - name versions
of drugs.
In a striking move, the Food and
Drug Administration has published a list
of off - patent
drugs which have lost exclusivity and don't have any approved
generic versions.
Plus, a handful
of companies will typically all get approved to make a
generic at once, which ideally creates competition
in the marketplace and can sometimes result
in even lower prices for those
drugs.
Daiichi Sankyo's press release comes
in the wake not only
of Ranbaxy's highly unusual criminal guilty plea and $ 500 million
in fines and penalties — the largest ever against a
generic -
drug maker — but also a lengthy Fortune article that exposed for the first time the depth and extent
of the fraud charges leveled at the company and the knowledge
of senior company executives.
Nothing about the
drug has changed
in that time, and the fact that it's
generic flies
in the face
of the argument that lack
of generic competition is the reason for drastic price hikes.
The article described how an internal investigation conducted by a company executive, Dinesh Thakur, who went on to become a whistleblower, reported appalling deceit: Ranbaxy scientists substituted cheaper, lower - quality ingredients
in place
of better ingredients, manipulated test parameters, and even bought brand - name
drugs and used them
in place
of their own
generics to win FDA approval.
These former employees also report being directed to alter physician - written prescriptions so pharmacies would have to dispense Valeant
drugs instead
of cheaper
generic versions
in order to maximize Valeant's profits.»
After
generic drug maker Actavis bought Allergan last year, it took the name
of the specialty pharmaceutical company; the reinvented Allergan then turned around and sold its legacy
generic business to Teva Pharmaceutical Industries (TEVA)
in July.
The companies have begun to market their «biosimilar» (a
generic version
of expensive biologic
drugs)
of Remicade — a copycat
of J&J's best - selling rheumatoid arthritis and immunology treatment (which garnered more than $ 5 billion
in U.S. sales last year) and was approved by the Food and
Drug Administration (FDA)
in April — at a striking 35 % discount to its list price.
CVS said it achieved this
in part by excluding Valeant diabetes
drug Glumetza from its standard formulary, or the list
of drugs typically covered by insurance, because a
generic version
of the medication was available.
According to the GAO report, 71 percent
of all
generic injectable cancer
drugs sold
in 2008 were produced by just three manufacturers, while 91 percent
of the market share
of injectable nutrients and supplements was held by just three pharmaceutical firms.
• Mallinckrodt (NYSE: MNK) is exploring a sale
of its
generic drug unit
in a deal that could fetch as much as $ 2 billion, according to Reuters.
Generic drug giant Teva really is going to cut tens
of thousands
of jobs
in a gigantic restructure for the struggling and debt - laden pharmaceutical —
in fact, the 14,000 planned layoffs announced Thursday actually surpass initial reports.
Jean Coutu has a network
of 417 franchised stores
in Quebec, New Brunswick and Ontario under several banners including PJC Jean Coutu as well as a subsidiary that makes
generic drugs.
JERUSALEM — Israeli
generic drug maker Teva Pharmaceutical Industries on Thursday said first - quarter earnings surged over 80 percent and raised its outlook for the rest
of the year, citing progress
in an aggressive restructuring plan.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth
in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures
in European countries that may increase the amount
of discount required on Gilead's products; an increase
in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift
in payer mix to more highly discounted payer segments and geographic regions and decreases
in treatment duration; availability
of funding for state AIDS
Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the S
Drug Assistance Programs (ADAPs); continued fluctuations
in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations
in Gilead's earnings; market share and price erosion caused by the introduction
of generic versions
of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect
of lowering prices or reducing the number
of insured patients; the possibility
of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials
in its currently anticipated timeframes; the levels
of inventory held by wholesalers and retailers which may cause fluctuations
in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits
of the Sangamo partnership; Gilead's ability to submit new
drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the S
drug applications for new product candidates
in the timelines currently anticipated; Gilead's ability to receive regulatory approvals
in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages
of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development
of Gilead's product candidates, including GS - 9620 and Yescarta
in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes
in its stock price, corporate or other market conditions; fluctuations
in the foreign exchange rate
of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time
in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
The whole industry faces turmoil with the advent
of laws
in several provinces demanding lower prices on
generic drugs.
After graduating from the University
of Calcutta
in 1982, Dilip Shanghvi started working at his father's wholesale
generic -
drugs business, where he saw an opportunity to manufacture Lithosun, a
drug that treated manic - depressive disorders and was unavailable
in much
of eastern India.
In Ontario, where the
drug reforms began, reimbursements for all
generics are down to 25 %
of the branded price.
In fact, you can save up to 52 percent on the daily costs
of your medications if you purchase
generic drugs instead
of branded ones.
The two heavyweight CEOs were there — along with Jeff Watson, the president
of Apotex, Canada's largest
generic -
drug producer — to present a plan calling for a vast expansion
of the role pharmacists play
in the Canadian health - care system.
FILE PHOTO: A building belonging to
generic drug producer Teva, Israel's largest company with a market value
of about $ 57 billion, is seen
in Jerusalem March 23, 2010.
Deals between pharmaceutical corporations and their
generic drug competitors, which government officials say keep cheaper forms
of medicine off the market, can sometimes be illegal and therefore can be challenged
in court, the Supreme Court said Monday...
The potential deal would also double down on Fresenius» existing presence
in drugs that are injected and deepen its pipeline
of new
generic drugs.
WASHINGTON (AP)-- The Supreme Court on Wednesday considered a
drug company's fight to keep a
generic version
of its biotech
drug off the market for an additional six months that would mean billions more
in sales and higher costs to the public.
Bain and Cinven, who earlier this year took control
of Germany's Stada, are hoping to use the Merck unit as a buy - and - build platform for Stada, which makes
generic drugs and consumer care products and had annual revenues
of more than 2 billion euros
in 2016, the sources said.
Teva beats first - quarter expectations but still has the same old problems Copaxone's market share and new
generic launches helped Teva to forecast - beating profit and revenue but problems persistTeva had to make pricing concessions on its flagship multiple sclerosis
drug Copaxone, and now expects a delay
in approval
of a key migraine
drug, fremanezumab.
An Abbreviated New
Drug Submission (ANDS) must be approved by Health Canada, the country's federal department in charge of national health care, under Canada's Food and Drug regulations before the generic drug can be marketed in the coun
Drug Submission (ANDS) must be approved by Health Canada, the country's federal department
in charge
of national health care, under Canada's Food and
Drug regulations before the generic drug can be marketed in the coun
Drug regulations before the
generic drug can be marketed in the coun
drug can be marketed
in the country.
In April, it announced it was pulling out
of the agreement to acquire the
generic drug specialist.
The sale process for Mallinckrodt's
generic drug business comes amid a wave
of dealmaking
in the sector.
(Reuters)- Mallinckrodt Plc (MNK.N) is exploring a sale
of its
generic drug unit,
in a deal that could fetch as much as $ 2 billion and help pivot the specialty pharmaceutical maker toward higher - margin branded
drugs, according to people familiar with the matter.
A federal judge
in Delaware on Friday struck down key patents held by Acorda related to Ampyra, opening the doors for
generic versions
of the
drug by companies including Mylan Inc (MYL.O) and Roxane Laboratories Inc..
But it has been under pressure
in the past 12 months due to greater competition from
generic drugs and debt from its $ 32 billion acquisition
of Baxalta
in 2016, a widely criticized deal.
McKesson is primarily engaged
in the distribution
of generic pharmaceutical
drugs, but it also has a technology segment that provides business solutions to a variety
of specialty practices.
Roche's
drug, Valium, has been available on the market now for regarding forty five many years, and
of course is currently
in its
generic variety, Diazepam.
Leave all medications and
drugs in their original, labelled containers with the name
of either the pharmacy that dispensed the medication or the manufacturer
of the medication, and have on hand a copy
of the original prescription, with both the
generic and trade names
of the
drug.
Drugs cited
in Tables 1 through 7 are listed
in alphabetical order by
generic name; brand names are available from the current Physicians» Desk Reference, 23 USP DI 2001:
Drug Information for the Health Care Professional, Volume I, 24 and USP Dictionary
of USAN and International
Drug Names.25 The reference list is not inclusive
of all articles published on the topic.