Prices for some generic drugs have increased in recent years, adversely affecting patients who rely on them.
Not exact matches
Prices for roughly 300
generic drugs at least doubled from 2010 to 2015.
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.
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.
He suggested coming up with a faster approval timeline
for generics coming to market to take on
drugs with high
prices.
Given its areas of specialization, Gilead wouldn't benefit as much from consolidation as, say, a
generic -
drug company would, but it still faces
pricing pressure: To appease Medicaid and other insurers, Gilead is already steeply discounting its hep - C
drugs, which can cost more than $ 80,000
for a 12 - week course.
Often it turns out that the
price increases by Valeant and Turing that have provoked the most criticism have been on
drugs that are off - patent — meaning
generic competitors are free to enter the market, typically bringing the
price that most people pay
for the
drugs way down.
Still, he's taken on market inefficiencies, called
for expanding access to biosimilars, is approving
generics at a record pace and trying to bring down
drug prices.
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).
But it won't be nearly enough to make up
for the money lost as
generic -
drug prices are capped, she says.
In Ontario, where the
drug reforms began, reimbursements
for all
generics are down to 25 % of the branded
price.
Provincial governments, strapped
for cash and facing ballooning deficits, have been hacking away at the
prices they pay
for generic drugs.
Pharmacies used to be able to charge 50 % or more of the
price of a name - brand
drug for its
generic equivalent.
WASHINGTON (AP)-- Some low - cost
generic drugs that have helped restrain health care costs
for decades are seeing unexpected
price spikes of up to 8,000 percent, prompting a backlash from patients, pharmacists and now Washington lawmakers.
While most of the attention on pharmaceutical
prices has been on new
drugs for diseases like cancer, hepatitis C and high cholesterol, there is also growing concern about huge
price increases on older
drugs, some of them
generic, that have long been mainstays of treatment.
DOJ investigates more than a dozen
generic drug companies over alleged
price fixation
for two - dozen
drugs, based on two year long investigation
This prevented developing countries from producing
generic versions of patented
drugs, notably treatments
for HIV / AIDS and malaria, which they maintained were being sold at unfair
prices.
Drug maker Mylan said it will offer a generic version of the life - saving allergy treatment EpiPen for half the list price of the brand - name treatment after it became the center of a national controversy over skyrocketing drug pri
Drug maker Mylan said it will offer a
generic version of the life - saving allergy treatment EpiPen
for half the list
price of the brand - name treatment after it became the center of a national controversy over skyrocketing
drug pri
drug prices.
«A civil war has broken out among the most powerful players in the pharmaceutical industry — including brand - name and
generic drug makers, and even your local pharmacists — with each blaming others
for the rising
price of medicine.»
After controlling
for other factors, a
generic drug in the highest marketing competition group was expected to see a decrease of 32 percent in
price over the study period, while a
generic drug in the lowest market competition was expected to see a
price increase of 47 percent over the same period.
«With the money saved from using
generic medicines, bulk purchasing, and better approaches to
pricing, we can afford to cover medically necessary
drugs for all Canadians without increasing taxes.»
As it has
for its HIV
drugs, Gilead plans to provide patient assistance within the U.S., to license the
drug (
for a fee) to select
generic manufacturers outside the U.S., and to lower
prices in low - and middle - income countries.
Although
generic ARV
prices have plummeted to as little as $ 100 per person
for a year's treatment, the report also notes that when people develop
drug - resistant viruses and need «second - line treatments,» it's much more expensive; in high - income countries, the cost can run up to $ 6000 per month.
And because
generics are available only
for drugs whose patent has run out, the competition in the marketplace among manufacturers drives the
price down.
Dr. Hill's work has included serving as trial counsel
for plaintiffs and defendants in patent infringement suits involving breast and ovarian cancer gene tests, radiology informatics, hospital information systems, orthopedic surgical devices, MRI diffusion tensor imaging,
generic drugs in Hatch - Waxman patent litigation, and biologics in suits brought under the Biologics
Price Competition and Innovation Act.
Tiered
pricing for generic, brand
drugs, and
for injectables.
The reforms follow an agreement with the
generic medicines sector and an in - principle agreement with the proprietary medicines sector and the Government said they would see a 50 % drop in
prices for common
drugs.