Impeding U.S. generic drug use criticized

Apr 19, 2006

Moves by branded drug companies to slow the spread of U.S. generic drugs has been criticized by a pharmacy benefit managers' organization.

"There's an agenda to prevent generics from getting to the market as soon as they could," said Mark Merritt, president of the Pharmaceutical Care Management Association.

There are an unprecedented number of top-selling drugs scheduled to go off patent within five years, and the organization said branded drug companies are creating hurdles to potential savings of $23 billion to seniors and the Medicare system.

The association identified 14 drugs commonly used by older people that are set to go off patent by 2010, including the cholesterol drugs Zocor and Pravachol, the antidepressant Zoloft and the prostate medication Proscar.

Under federal legislation passed in 1984, drug makers have 20 years after discovery of a drug to sell it exclusively, but some drug companies are lobbying for longer patent exclusivity.

"Many of the branded companies have pretty empty pipelines, with few big blockbusters on the horizon," Merritt said. "So they're fighting to keep their current big sellers free of competition."

Copyright 2006 by United Press International

Explore further: Consumer loyalty driven by aesthetics over functionality

add to favorites email to friend print save as pdf

Related Stories

Ag-tech could change how the world eats

4 hours ago

Investors and entrepreneurs behind some of the world's newest industries have started to put their money and tech talents into farming - the world's oldest industry - with an audacious agenda: to make sure there is enough ...

World's rarest cetacean threatened by illegal gillnets

5 hours ago

The world's rarest cetacean could disappear in less than four years unless immediate action is taken by the Mexican government to protect it from entanglement in gillnets deployed illegally in its Gulf of California refuge, ...

Enviro-tracker is wearable for citizen monitoring

6 hours ago

Mobile hardware and software allow us to count our steps, and to count our calories, but a Vancouver, Canada, startup group asked, what about tracking our environment? TZOA was founded in 2013. Laura Moe, ...

In Curiosity Hacked, children learn to make, not buy

6 hours ago

With her right hand, my 8-year-old daughter, Kalian, presses the red-hot soldering iron against the circuit board. With her left hand, she guides a thin, tin wire until it's pressing against both the circuit board and the ...

Recommended for you

Consumer loyalty driven by aesthetics over functionality

12 hours ago

When designing a new car, manufacturers might try to attract consumers with more horsepower, increased fuel efficiency or a lower price point. But new research from San Francisco State University shows consumers' loyalty ...

Short-necked Triassic marine reptile discovered in China

14 hours ago

A new species of short-necked marine reptile from the Triassic period has been discovered in China, according to a study published December 17, 2014 in the open-access journal PLOS ONE by Xiao-hong Chen f ...

Study: Alcatraz inmates could have survived escape

14 hours ago

The three prisoners who escaped from Alcatraz in one of the most famous and elaborate prison breaks in U.S. history could have survived and made it to land, scientists concluded in a recent study.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.