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Drug companies are sitting on generics—43% of recently approved aren't for sale
Of the more than 1,600 generic drugs approved by the Food and Drug Administration since January of 2017, more than 700—or 43 percent—are not for sale in the US, according to a new analysis by Kaiser Health News.
The finding means that many pricy, brand-name drugs are not facing the competition that could help drive down soaring prices. Among the drugs missing in action are generic versions of the expensive blood thinner Brilinta and the HIV medication Truvada. Moreover, of the approved drugs that would offer a brand-name drug its first competition, 36 percent are being held off the market, the analysis found.
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Drug Companies are Sitting on Generics—43% of Recently Approved Aren’t for Sale
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"The subspace _W inherits the other 8 properties of _V. And there aren't
even any property taxes."
-- J. MacKay, Mathematics 134b
(Score: 3, Insightful) by jelizondo on Sunday February 10 2019, @10:53PM (3 children)
More real-world proof that free-market capitalism is not practiced in the US. Big players are allowed to tilt the market in their favor using every means possible without regard for law, morals or downright Christian charity.
Of course, if one says so, one is immediately labeled a picko communist, flag burning bastard out to destroy the US and who hates apple pie.
I’ll admit part of the label is true: I hate Apple, in pie or any other form. 😋
(Score: 1, Informative) by Anonymous Coward on Monday February 11 2019, @12:33AM (1 child)
The US has been in a gray area of crony-corporate-socialism since at least 1913. It is more a matter of quantity than quality.
(Score: 1, Touché) by Anonymous Coward on Monday February 11 2019, @01:28AM
Tell that to the Gaslighting Obstructing and Projecting peeps
(Score: 3, Insightful) by Azuma Hazuki on Tuesday February 12 2019, @01:49AM
Oh, on the contrary: regulatory capture is both the end result and the apotheosis of free-market capitalism; why, even the very government is for sale! And for bonus shits'n'giggles, the greedheads then tell people that *regulation itself* is bad.
To paraphrase: regulations don't kill people, people do.
I am "that girl" your mother warned you about...