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Some Brand Name Popular Drugs Will Have Generic Equivalent Soon October 24, 2011

Posted by solutionsinsuranceservices in Health Insurance.
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According to NPR, some of the most popular and expensive brand-name drugs are about to go generic.

Take Lipitor, for example. In November, the heart drug comes off-patent — and by next June, there are likely to be multiple generic versions.

With almost $11 billion in sales last year, it’s the largest blockbuster to fall off what analysts call the “patent cliff.” And it’s just one of dozens of popular high-end pharmaceuticals whose prices are expected to plummet in the coming years, including drugs like Plavix (for heart disease), Seroquel (used to treat depression) and Nexium (for digestive problems.)

Patients often pay more for name-brand drugs, even when they’re covered by insurance. Sometimes they have no choice because — unlike Lipitor — many drugs don’t yet have generic competition.

To read complete article: http://www.npr.org/blogs/health/2011/10/24/141596137/big-name-drugs-are-falling-off-the-patent-cliff?ps=sh_sthdl

 

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