Generic Drugs Yield Higher Profit Margins for Pharmacies Than Name Brands – Patients Save Money Too
Posted Feb 12 2010 9:47pm
If you were not aware of this fact you would think it was the oppositebut it’s truepharmacies make more money from generic drugs. This year with many drugs coming off patentthis should give additional revenues to drug stores and pharmacies. So on the brand name drugswho keeps most of the profit? 1 guess. Some drugs are also facing competition with medical device solutions too as they are approved by the FDA. BD
A bunch of the blockbuster drugs that carried the drug industry for the past decade are about to go off patent. As we’ve noted along with everybody elsethat’s going to be tough for pharma companies.
(Seefor examplethe news this week from Pfizer and Bristol-Myers Squibbwhich over the next two years will face generic competition on the two biggest drugs in the worldLipitor and Plavix.)