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The researchers examined four drugs: Allegra, Arava, Amaryl and Zithromax. In the second 1 / 2 of 2005, each of these drugs come to an end of patent protection. Their simple equivalents were obtained alternatively at the average factor of 87 % within thirty days of the equivalents delivery at pharmacies.
The study was prepared by Medco Health Solutions Inc. Located in Frankin Lakes, that is the greatest drug benefit management company in U.S. The organization offers for low prices of prescription drug with respect to its clients.
According to the study, Zithromax, the blockbuster of Pfizer Inc. with its annual sales of $1.85 billion was rapidly taken at pharmacies by equivalent at a 90 per cent rate right after it dropped its patent protection in November.
The research authors mentioned the replacement of Zithromax, an for respiratory infections, as evidence that more and more doctors prescribe common versions of brand name drugs more quickly, even when it is about so-called acute care drugs, such as Zithromax.
The really good news is why these four generic drugs are only the start. With numerous common drugs likely to move off patent within the next many years, substantial prescription drug costs savings should be seen by us - explained a senior vice president, Dr. Glen Stettin.
A speaker at Medco, Ann Smith said that over 70 brand name medications, including 19 blockbusters, are losing their patent protection within the next five years - with total annually sales of $45 billion.
If Medcos study reveals a long-term development, in the coming years customers, companies and insurance providers will save you billions of dollars in prescription drug - Smith said.
The info met with enthusiastic reaction from consumer groups.
Develop the pattern continues. Its good for people, confessed Bill Vaughan, senior coverage analyst for an group, Consumer Union, based in Washington, D.C.
Vaughan stated that past doubts in regards to the safety and success of common drugs have apparently started initially to fade away as society is becoming more worried about rapid increase of health-care costs.
The FDA approves these generic drugs since they have now been decided just as safe and effective as their manufacturer counterparts, but you spend a portion of the price, Vaughan reported. We think this is very good and can save yourself people literally billions of dollars next few years.
At the same time, large pharmaceutical businesses have claimed that their brand name drugs will not be taken by replicas as insurers and doctors recognize that the brand name drugs promise better care and in consequence - cut costs.
Hank McKinnell, Pfizer Chairman used that argument throughout last session with experts in New York.
In the event that you dont such as the high cost of health care, attempt the high cost of sickness, McKinnell advised. [ The Likeable Assholes ]
