04 Jul Generic Drug Prices Fall As Competition
Posted at 21:18h
in Author Interviews
MedicalResearch.com Interview with:
[caption id="attachment_35731" align="alignleft" width="200"]
Dr. Dave[/caption]
Chintan V. Dave, PharmD
Department of Pharmacotherapy and Translational Research
College of Pharmacy,
University of Florida
Gainesville, FL
MedicalResearch.com: What is the background for this study?
Response: Use of generic drugs as a percentage of total dispensed prescriptions has increased in recent years, from 57% in 2004 to 86% in 2013. The U.S. health care system has recently witnessed a relatively new phenomenon where prices for some older generic drugs have increased hundreds — even thousands — of percentage points in a short time span. Many factors have been linked to these price increases, including shortages in the manufacturing supply chain (leading to reduced production) and a reduction in the number of manufacturers of a drug (resulting in insufficient competition). Understanding how prices relate to market changes may help identify drugs at risk for price changes so that interventions may occur before patient care is affected.




















