Best generic drug manufacturers
The Top Generic Drug Companies
Generic drugs manufacturers represent a significant threat to research-based pharmaceutical companies. For example, Schering-Plough’s Claritin patent expired in 2002; as the result of generic drug competition, sales of Claritin by Schering-Plough declined from $3.2 billion in 2001 to $1.8 billion in 2002 and to $0.37 billion in 2003.
[DOC File]Medicaid Savings Ideas – Prescription Drugs
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The advantage of a process patent system is that any small change in the steps used to create a drug allows a generic producer to sidestep the patent. The goal is for several manufacturers to produce the same drug by using different methods, thereby stimulating competition and lowering drug prices. Supra note 11 at Ch. 3, p. 24
[DOC File]Eli Lilly and Company Introduction/Summary
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Naturally, brand-name manufacturers have an interest in protecting their patents and maintaining market share. A generic drug’s release can be delayed if the brand-name manufacturer claims that the generic is violating its patent or if it announces a new therapeutic use for the brand-name product, which may “restart the clock” on its patent.
[DOC File]Pharmaceutical industry
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“Why is a generic drug so much cheaper than the brand-name?” Companies with brand-name products have spent substantial amounts of money to initially develop and test the drugs, which generic manufacturers do not have to do. These companies also tend to spend much more money on marketing and advertising than would a generic manufacturer.
[DOCX File]Scope of the patent review sufficiently balances
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Patent protection of a drug product generally exists between 8-10 years. The generic drug companies have become aggressive in their challenge of patents and are succeeding. Once a generic drug is commercially available the cost is significantly less, and the branded drug’s market share erodes quickly.
[DOCX File]Prescription medications: How to make more informed choices
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Generic manufacturers have sought, and may continue to seek, FDA approval to market generic versions of our products through an abbreviated new drug application (ANDA), the application process typically used by manufacturers seeking approval of a generic drug. For a description of our ANDA litigation, see Note 14.
[DOC File]American Chemical Society
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Generic drug manufacturers must rebate 11 percent of the AMP. Because manufacturers frequently give purchasers discounts greater than the minimum rebate (AMP-15.1 percent) for many drugs, the Medicaid rebate is based on “best price.”
[DOC File]An Analysis of the Generic Pharmaceutical Industries in ...
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Hatch-Waxman forces brand-name drug manufacturers such as GNB to face significant risks from a growing lineup of generic drug manufacturers. On the other hand, by using GNB’s safety and efficacy studies, generic drug manufacturers like Aldrin need to invest little to challenge patents.
[DOC File]Pfizer, Inc - Pearson Education
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2. Our company (PBM) is guaranteeing that the maximum cost per unit for any given generic drug will be the value submitted on the MAC list (Section XI, Item H). This value will apply to all generic claims for all retail, mail and specialty pharmacies (enforced by specific, guaranteed contractual language).
Investor Overview | Gilead Sciences
In 2002, Pfizer was the target of over 2,000 suits involving Rezulin, a diabetes drug developed by Sankyo in Japan and by Warner-Lambert. In 2002, the company was involved in patent litigation with generic drug manufacturers for a number of its marquee pharmaceuticals, including Zoloft, Diflucan, Neurotonin, Procardia XL, and Celebrex.
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