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The introduction of generics has not dramatically lowered the price of EC; while generic drugs typically cost 80-85% less than their branded counterparts, this differential is only 14% for EC products.
Because the introduction of generics has the perverse effect of increasing the price of branded pharmaceuticals.
Some savings will be achieved through patent expiry and the introduction of generics to sumatriptan.
The rapid increase in expenditure due to new drugs is counteracted by savings due to the introduction of generics for many oncology drugs.
The substantial decrease in expenditure for antidepressants in 2009 is explained by the patent expiry for, and subsequent introduction of generics to venlafaxine.
Using a published Markov model, this study analyses the economic impact of non-persistence with bisphosphonates in the context of the introduction of generics in France.
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The chief complaint is that it has given a windfall to some companies, yielding them hundreds of millions of dollars in added profits from the patent extensions and slowing the introduction of cheaper generics.
Walgreen anticipates a low rate of introduction of new generics in the first half of fiscal 2014 but expects the effect of the generic trough to moderate in the back half of the year.
"including the sluggish economy, prescription reimbursement pressure compounded by a slowdown in the rate of introduction of new generics, and a lower incidence of flu compared with the beginning of the H1N1 pandemic a year ago".
In fact, the inevitability of extensive pre-marketing clinical testing means that the introduction of these generics will be more of a trickle than a torrent and that their effect on prices will be far more moderate than partisans have predicted.
The company also has plans to address other instances of price gauging by Big Pharma through the introduction of affordable generics.
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