This article gives an average fee of $1M and wait time of 40 months for a manufacturer to be approved to sell a generic drug. And that's just the fee to the FDA -- it doesn't include the cost of running human studies (which can cost tens of millions) or other compliance costs.https://twitter.com/aclough/status/1184486748321189888 …
-
-
The pharmacy gets reimbursed by insurers and pockets the profit from getting cheaper drugs. You might even get health plans to love it, because without long pharmacy waits, compliance goes up, and with generic-only pricing, reimbursement costs go down.
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.