The Reasons Behind Rising Generics Prices

Generic drug prices are rising due to a number of different factors. These include industry consolidation, drug shortages, and stricter regulations. For example, stricter regulation of the Indian generics industry has led to generics shortages in some cases. The consolidation of generic drug producers has led to fewer manufacturers competing on the price of a branded drug that has lost its patent. Manufacturing issues and FDA quality control has also led to generics shortages. As a consequence of rising prices, some generics have even been dropped from insurer discount generic drug programs

Read the source article at forbes.com

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