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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]


 

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.



 

 Related news

 
23.07.2010 CVS Caremark Study Finds State Policies Can Significantly Impact Rates of Generic Substitution and Medicaid Costs
States struggling to pay for increasing health care costs through their Medicaid programs can save more than $100 million over the next several years by changing generic substitution laws to permit easier and faster substitutions of...
 
21.02.2009 IMPAX Receives Final FDA Approval for Generic SOLODYN Extended-Release Tablets, 45mg, 90mg and 135mg
2009 FEB 22 - (NewsRx.com) -- IMPAX Laboratories, Inc. (OTC: IPXL) confirmed that the U.S. Food and Drug Administration (FDA) has granted final approval of the Companys Abbreviated New Drug Application (ANDA) for generic versions of...
 
21.02.2009 BRIEF: Perrigo begins shipments of generic Advil PM: Estimated sales for the branded product for the last 12 months were $70 million.
Feb. 22--Perrigo Company (Nasdaq:PRGO; TASE:PRGO) has begun shipping over-the-counter (OTC) Ibuprofen and Diphenhydramine Citrate Tablets, 200/38 mg.The product will be marketed under store brand labels and is comparable to Wyeth...
 
23.02.2009 SOHM India Obtains Manufacturing License for Generic Pharmaceuticals Increasing Profit Margins and Scalability of Operations
BUENA PARK, CA, February 24 / MARKET WIRE/ -- SOHM, Inc. (PINKSHEETS: SHMN), a genericpharmaceutical manufacturer that produces and markets generic drugscovering all major treatment categories, today announced that the Companyhas obtained...
 
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?
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Do you ship Internationally?
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Order delay at customs: what to do?
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