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Research finds that 87% of consumers choose generic drugs

According to recent research, nearly nine that more than 70 brand name drugs,
out of 10 clients decide to substitute including 19 blockbusters, are losing
common brand name drugs by their generic their patent protection within the next
versions within a few weeks of when these five years - with total yearly sales of
cheapest drugs become obtainable. The $45 billion. If Medco's study reveals a
researchers analyzed four drugs: Allegra, long-term trend, in the coming years
Arava, Amaryl and Zithromax. In the consumers, employers and insurance
second half of 2005, each of these drugs companies will save billions of dollars
run out of patent protection. Their in prescription drug - Smith said. The
generic equivalents were bought instead data met with enthusiastic reaction from
at an average factor of 87 percent within consumer groups. "We hope the trend
30 days of the equivalent's delivery at continues. It's good for consumers,"
pharmacies. The research was organized by confessed Bill Vaughan, senior policy
Medco Health Solutions Inc. based in analyst for an advocacy group, Consumer
Frankin Lakes, which is the biggest drug Union, based in Washington, D.C. Vaughan
benefit management company in U.S. The mentioned that past fears concerning the
company bargains for low prices of effectiveness and safety of generic drugs
prescription drug on behalf of its have apparently started to fade away as
customers. According to the study, society has become more concerned about
Zithromax, the blockbuster of Pfizer Inc. rapid increase of health-care costs. "The
with its annual sales of $1.85 billion FDA approves these generic drugs because
was rapidly substituted at pharmacies by they have been determined just as safe
generic equivalent at a 90 percent rate and effective as their brand name
just after it lost its patent protection counterparts, but you pay a fraction of
in November. The study authors mentioned the price," Vaughan stated. "We think
the substitution of Zithromax, an this is very positive and can save
antibiotic for respiratory infections, as consumers literally billions of dollars
evidence that more and more doctors in the next few years." At the same time,
prescribe generic versions of brand name large pharmaceutical companies have
drugs more easily, even if it is about claimed that their brand name drugs will
so-called acute care drugs, such as not be substituted by knockoffs as
Zithromax. "The really good news is that insurers and doctors realize that the
these four generic medications are just brand name drugs guarantee better care
the start. With a number of popular and in consequence - save money. Hank
medications expected to move off patent McKinnell, Pfizer Chairman used that
in the next several years, we should see argument during last session with
substantial prescription drug costs analysts in New York. "If you don't like
savings" - stated a Medco senior vice the high cost of health care, try the
president, Dr. Glen Stettin. A high cost of sickness," McKinnell
spokeswoman at Medco, Ann Smith stated advised.




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