Definitely true that more generic competitors
lower prices. See NEJM article by Chintan Dave and @akesselheim - Prices of Generic Drugs Associated with Numbers of Manufacturershttps://www.nejm.org/doi/10.1056/NEJMc1711899 …
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thanks much- will read with interest... i get generic price competition... but what is effect of nongenerics in the same class?
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I’m not an economist. Here is my take as a doctor who studies pricing. 1) that’s true if the condition is curable so that use of one drug negates the need for the other. Eg. Infections and antibiotics. It doesn’t work for conditions like most cancers. 1/
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When the condition is not curable and each drug works for a limited time and then stops working and you move on to the next drug - as in most incurable cancers- there is no effect on price. Each drug is a monopoly.
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There was this recent review from
@AmeetSarpatwari of brand-brand competition that suggested limited effects on pricing:https://journals.plos.org/plosmedicine/article?id=10.1371/journal.pmed.1002872 … - Još 2 druga odgovora
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Many factors incl if several Cos have drugs in space vs 1 w/ follow-on (v common), presence/threat of generics, new dosing/formulation/delivery, etc. Yet, most Cos launch globally, so if
comp=
price, then should see same trend, but US outlier esp vs EU: https://infogram.com/paying-for-prescription-drugs-around-the-world-why-is-the-us-an-outlier-exhibit-1-1g8e207n3rnqmod …pic.twitter.com/zeeKWRy9ZU
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It is correct
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A bit old but very clear and I think still broadly correct. https://www.who.int/intellectualproperty/topics/ip/Me-tooDrugs_Hollis1.pdf …
@aidanhollis may have something more up to date.Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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