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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
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21.10.2011
Drugs giants probed by EU anti-trust authority [Deutsche Welle] [reading]

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19.10.2011
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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
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18.10.2011
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17.10.2011
New NCPA Ads Feature Community Pharmacy Proposals to Reduce the Federal Deficit [reading]


 

Generic drugs news


New NCPA Ads Feature Community Pharmacy Proposals to Reduce the Federal Deficit


17.10.2011

ALEXANDRIA, Va., Oct. 17 The National Community Pharmacists Association issued the following news release:

With the congressional "super-committee" inching closer to making budget decisions to reducing the deficit, the National Community Pharmacists Association (http://www.ncpanet.org/) (NCPA) has developed two new advertisements reinforcing how local pharmacists can reduce federal health care costs.

"Community pharmacists can help reduce healthcare expenses by maximizing the appropriate utilization of lower-cost generic drugs and through face-to-face, expert counseling on the proper use of medications as prescribed for patients," said NCPA CEO B. Douglas Hoey, RPh, MBA. "Small business community pharmacies are ready and willing to work constructively with policymakers to address rising medical costs while maintaining patients` access to the cost-cutting services of local pharmacists."

NCPA first offered its recommendations in a September 7th letter (http://www.ncpanet.org/pdf/leg/sep11/ncpasavings.pdf) to "super-committee" members.

NCPA`s first ad (http://www.ncpanet.org/pdf/leg/oct11/deficit-reduction-thehill-ad.pdf) focuses on overall deficit reduction. It offers policymakers five recommendations to lower spending:

* Utilize local pharmacists to increase the appropriate use of low-cost generic drugs in Medicare Part D, Medicaid and TRICARE.

* Reduce an estimated $290 billion in avoidable health care spending by empowering pharmacists to counsel patients face-to-face on proper medication use.

* Collect billions of dollars in drug manufacturer rebates retained by middlemen pharmacy benefit managers (PBMs) in Medicare, Medicaid and FEHBP.

* Reduce costly waste in mail-order pharmacy, particularly "mandatory mail" plans.

* Allow community pharmacists to continue providing advice and testing supplies to keep Medicare patients with diabetes healthy.

The second ad (http://www.ncpanet.org/pdf/leg/oct11/diabetes-testing-supplies-thehill-ad.pdf) highlights H.R. 1936 (http://www.ncpanet.org/index.php/news-releases/993-ncpa-urges-congress-to-preserve-seniors-access-to-diabetes-supplies-at-independent-community-pharmacies-back-schock-welch-bill-), the Medicare Access to Diabetes Supplies Act, legislation introduced by Reps. Aaron Schock (R-Ill.) and Peter Welch (D-Vt.). In addition to the traditional dispensing of prescription medication, community pharmacists play a vital role helping people with diabetes by providing expert advice, patient education and testing supplies to manage the disease. The bipartisan bill would reduce the deficit and permanently exempt independent community pharmacies (defined as 10 or fewer pharmacies under common ownership) from competitive bidding prices in the Medicare Part B Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) program. A recently survey of more than 800 community pharmacists found 84 percent of them would be forced to stop providing access to diabetes testing supplies if they had to competitively bid or accept prices set by that process.

In addition, NCPA has developed an analysis (http://www.ncpanet.org/pdf/leg/oct11/pharmacycutsfinal.pdf) of the many cuts community pharmacies have already had to absorb in recent years. That document finds that community pharmacies have seen prescription drug reimbursement slashed by more than $15 billion. Between 2005 and 2010 the number of independent community pharmacies that are operating at an overall financial loss has increased by 64 percent and now accounts for 23 percent of independent community pharmacies.

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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.

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