Federal regulators are pressing the Supreme Court to stop big pharmaceutical corporations from paying generic drug competitors to delay releasing their cheaper versions of brand-name drugs.
If brand-name prescription medicines cost you as little as generic pills, which would you choose? A few drugmakers have begun offering U.S. patients coupons to reduce copayments on brand-name medicines and compete with new generic versions of the drugs.
The FDA would collect hundreds of millions of dollars in new fees from pharmaceutical companies to help speed up the review of generic drugs, under an agreement with industry released by the agency on Friday.
President Barack Obama is directing the Food and Drug Administration to take steps to reduce drug shortages, an escalating problem that has endangered patients and raised the possibility of price gouging.
The cost of prescription medicines used by millions of people every day is about to plummet. The next 14 months will bring generic versions of seven of the world’s 20 best-selling drugs, including: Lipitor and Plavix.