Drug companies are sitting on generics—43% of recently approved aren’t for sale

Drug companies are sitting on generics—43% of recently approved aren’t for sale

Enlarge (credit:
GettyUte Grabowsky
)

Of the more than 1,600 generic drugs approved by the Food and
Drug Administration since January of 2017,
more than 700—or 43 percent—are not for sale
in the US,
according to a new analysis by Kaiser Health News.

The finding means that many pricy, brand-name drugs are not
facing the competition that could help drive down soaring prices.
Among the drugs missing in action are generic versions of the
expensive blood thinner Brilinta and the HIV medication Truvada.
Moreover, of the approved drugs that would offer a brand name drug
its first competition, 36 percent are being held off the market,
the analysis found.

Experts told KHN that the reasons drug makers may withhold an
approved generic from the market are varied. Industry consolidation
has made buying, manufacturing, and distributing generics more
difficult in recent years. Generic drug makers also, as always,
face patent litigation from brand-name makers. Then there’s
potentially anti-competitive deals, in which brand-name drug makers
simply pay generic makers to keep their product off the market for
a while—a so-called “pay for delay” tactic.

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Source: FS – All – Science – News
Drug companies are sitting on generics—43% of recently approved aren’t for sale