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| Generic drugs news |
22.10.2011 Generics in the United Kingdom - Performance of the Market Is Forecast To Decelerate, With an Anticipated CAGR Of 7.9% for the Five-Year Period 2010... [reading]
22.10.2011 The US Generics Market Had Total Revenue of $71.4 Billion in 2010, Representing A CAGR Of 8.2% between 2006 and 2010 [reading]
21.10.2011 Antares Pharma Granted New U.S. Patent Covering VIBEX? Injector Technology [reading]
21.10.2011 Drugs giants probed by EU anti-trust authority [Deutsche Welle] [reading]
20.10.2011 CMS` Transparency Push Could Revolutionize Drug Pricing [reading]
19.10.2011 Perrigo confirms filing for generic version of PATANASE nasal spray [reading]
19.10.2011 Pharmacists to Federal Medicaid Officials: Revamp Proposed Generic Drug Federal Upper Limits to Preserve Pharmacy Access for Patients [reading]
19.10.2011 Teva Pharmaceutical Industries Ltd. and Cephalon, Inc.; Analysis of Agreement Containing Consent Orders To Aid Public Comment [reading]
18.10.2011 Perrigo applies to FDA for generic nasal spray [reading]
18.10.2011 Watson confirms filing ANDA for generic version of Warner`s Atelvia [reading]
18.10.2011 Watson confirms filing ANDA with FDA for generic version of Noven`s Daytrana [reading]
17.10.2011 New NCPA Ads Feature Community Pharmacy Proposals to Reduce the Federal Deficit [reading]
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Generic drugs news |
PharMerica Achieves 75% Generic Dispensing Rate
12.07.2010
PharMerica Corporation (NYSE: PMC) leads the long-term care pharmacy industry in generic medication dispensing with a rate of over 75%. The generic dispensing rate is on track to exceed 80% by 2013. Accelerating the generic dispensing rate are over 15 major drugs going off patent by 2013, representing over $78 billion in current annual pharmacy spend. PharMerica`s aggressive generic utilization programs position PharMerica to drive significant savings to clients (see also Patient Care). Most generics achieve savings of over 50% versus the brand alternative. In addition, generics are widely covered without restriction under most Medicaid and Medicare Part D plans, further reducing facility costs associated with Part D non-covered and other administrative costs associated with formulary management of brand drugs. PharMerica`s proprietary drug formulary and RxAllow Medicare Part D coverage program contribute to PharMerica`s high generic utilization. PharMerica helps skilled nursing facilities, assisted living facilities and alternate care settings take advantage of the quick pace of brand drug patent expirations that translate to lower costs and equally effective drug therapies. "PharMerica is focused on providing effective generic alternatives so that patients and residents receive optimum care and our clients lower their costs. With our clients experiencing cost and reimbursement pressures, this is one area where they can expect relief," noted Greg Weishar, PharMerica`s chief executive officer. About PharMerica PharMerica Corporation is a leading institutional pharmacy services company servicing healthcare facilities in the United States. PharMerica operates institutional pharmacies in over 40 states. PharMerica`s customers are institutional healthcare providers, such as nursing centers, assisted living facilities, hospitals and other long-term care providers. The Company also provides pharmacy management services to long-term care hospitals.
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26.02.2009
Obama calls for generic biotech drugs
WASHINGTON-President Barack Obama`s budget aims to foster generic competition for costly biotech drugs used to treat cancer and other intractable ailments.With Americans now spending more than $40 billion a year on such medications, the... |
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| Help and FAQ |
What's the difference between generic drugs and brand-name drugs? Actually, they both differ only in price and name, all the rest is the same. Generic drugs, as well as brand-name medications, have the same dosage, effects, including side effects, risks, strength and safety. They are like true copies of brand-name medications.
What makes generic drugs cheaper? As a rule, in order to release and patent a certain drug the manufacturer should meet a range of requirements like developing, researching, marketing and promoting of a new medication. Overall, it is time- and money-consuming procedure, which leads to price growth. Speaking about generic drugs, they are usually brought unregistered onto the market, thus the manufacturer is exempt from paying taxes. However, the lower price here doesn't yield lower effectiveness. As a rule, the manufacturers of generic drugs are known reputable pharmaceutical companies.
What credit cards do you accept? We accept Visa, MasterCard, AmEx, Diners and JCB cards.
Do you ship Internationally? Yes, we ship Internationally at this time.
Order delay at customs: what to do? It may happen that your order can be delayed at customs. In this case customs officers usually ask the recipient to come to the office and permit them to open a parcel in order to examine it. After this they give a parcel to the recipient. If you still have problems with getting your order, contact us so that we can help you solve this problem.
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