Until May 2015, Par's generic form of Kapvay (clonidine hydrochloride) was the only generic version available in the U.S., even though Concordia also had the rights to market a competing generic.

Drug Companies Agreed To Not Compete, Resulting In High Price For Generic Medication

Imagine that Bob and Mary are the only two kids in town allowed to sell lemonade. They could try to compete against each other, potentially resulting in lower prices, improved juice, or better service… or Mary could say to Bob, “How’s about you pay me some money so I don’t exercise my option to sell lemonade?” That means the price for lemonade is whatever Bob says it is, and he’s encouraged to keep it high because he’s paying some of that money out to Mary. Now imagine this isn’t about lemonade, but about prescription drugs. [More]

Amazon Brand Coffee And Cereal May Soon Be Coming To An Internet Near You

Amazon Brand Coffee And Cereal May Soon Be Coming To An Internet Near You

Amazon really, really wants to be your everything store. They do tech, they do digital goods, they do groceries, they even do same-day delivery. So perhaps it seems inevitable that they’re no longer just interested in selling other people’s stuff, but coming up with their own house brand for everyday items too. [More]

5 Costco Kirkland Signature Products May Be Just As Good As Name Brands

5 Costco Kirkland Signature Products May Be Just As Good As Name Brands

Costco members know they can often get a decent price on name-brand kitchen staples by shopping in bulk at the warehouse store. But if you’ve been ignoring the company’s store-brand Kirkland Signature line of products, you might be passing up on a chance to save even more without sacrificing quality. [More]

(D O'Quinn)

FDA Approves First “Biosimilar” Drug. Could Drive Down Cost Of Most Expensive Medications

Biotech drugs — which are generally derived from a living organism, as opposed to traditional purely chemical medications — are currently among the most expensive medicines available. But today, the Food and Drug Administration issued its first approval of a drug that is “biosimilar” to an existing biotech medication; a development that could possibly result in billions of dollars in savings. [More]

Why Does A Tube Of Cold Sore Cream Cost $2,500?

Why Does A Tube Of Cold Sore Cream Cost $2,500?

In Canada, you can buy a tube of brand-name prescription cold sore cream Zovirax for around $50. Its generic equivalent (acyclovir) is half that price. And even here in the states you can find generics acyclovir pills and ointments for a reasonable price, so why does what is effectively the same product sell for more than $2,500 in the U.S.? [More]

FDA Looking To Close Loophole That Slowed Safety Warnings On Generics

FDA Looking To Close Loophole That Slowed Safety Warnings On Generics

Imagine for a moment the tale of two friends, Jim and Joe. Jim takes Gleemonex, which makes it feel like it’s 72 degrees in your head all the time. Joe takes a generic form of the drug, which we’ll call walmonex. If the folks who make Gleemonex realize there’s a problem with the drug, they can immediately slap a warning on the product before getting FDA approval, but if the makers of the walmonex discover that same problem, they currently have to wait for the FDA and the brand-name drug makers to review the issue. This loophole is, quite obviously, a bad thing for consumers. So it’s good news that the FDA is now looking to close it. [More]

Can Store-Brand Ketchup & Mayonnaise Ever Taste As Good As Your Brand-Name Faves?

Can this possibly be true?

When I was a child, many of the items in my kitchen cupboard were in plain white containers with red and black block lettering, so I learned early not to be a brand snob — with a couple of exceptions. I am one of those people that turn into a sour-faced 4-year-old whenever I find my only ketchup and mayonnaise options are generic store-brand versions. But my cohorts at Consumer Reports claim that there are comparable, less expensive generics available for these and other pantry staples. [More]

(Spidra Webster)

Why Does Anyone Ever Buy Brand-Name Painkillers?

For everyday over-the-counter drugs like painkillers or allergy medicine, do you pick up the brand name, or a generic? Even if the inactive ingredients and binders are slightly different, the brand-name and store-brand meds that sit side-by-side on the shelf should have the same effects. One costs a lot less. So why does anyone buy name-brand over-the-counter drugs? [More]

(Solo)

Supreme Court Rules FTC Can Challenge Deals Intended To Delay Release Of Generic Drugs

When a generic version of a drug comes on the market, the holder of the brand-name drug’s patent stands to see a steep drop in sales as many customers switch to the lower-price option. Thus, some companies will go to great lengths to delay the release of generics. One such method, dubbed “pay-for-delay,” involves the patent-holder suing manufacturers of generics and then settling for millions of dollars with the agreement that the generic suppliers will hold off on releasing their product. Today, the U.S. Supreme Court ruled that the Federal Trade Commission has the right to challenge these sorts of deals. [More]

(efkjr79)

FDA Knew Lab Committed Research Fraud, Approved Drug They Tested Anyway

After the U.S. Food and Drug Administration learned about potentially fraudulent work done on behalf of pharmaceutical companies by a contract research firm in Texas, they didn’t pull the drugs off the market. You might think, though, that they might hold off on approving new drugs based on testing that came from that lab. You would be wrong. [More]

Now You Can Get Pricey Blood Thinning Drug Plavix In Cheaper Generic Form

Now You Can Get Pricey Blood Thinning Drug Plavix In Cheaper Generic Form

The Food and Drug Administration has given the go ahead to seven companies to begin producing Plavix in generic form. As someone who has to shell out over $100 for about 10 pills to quarter and force an unwilling, yet sick cat, to take, I am pretty darn excited about this whole situation. [More]

Drug Maker Adds Line To Pill's Surface To Delay Generic Versions

Drug Maker Adds Line To Pill's Surface To Delay Generic Versions

There are numerous ways for makers of pricey brand-name drugs to delay the release of generic copies and hold on to the market for even a few months longer. They could make slight changes to the doses or even go so far as to buy a company that supplies a needed ingredient. But one pharmaceutical company is taking a new approach to putting off the release of generic versions — etching an additional score into the pill’s surface. [More]

If I Hadn't Checked, CVS Would Have Charged $228 For A $28 Generic

If I Hadn't Checked, CVS Would Have Charged $228 For A $28 Generic

Had David’s wife not probed closely, she could have ended up paying $228 for generic Fosamax that could have been easily gotten for $24. He’s sharing the story as a cautionary tale so that other people who are getting their maintenance prescriptions covered by their employer’s insurance don’t end up overpaying for generics. [More]

Drug Rep Accidentally Emails Consumer Truth About Overpriced Pills

Drug Rep Accidentally Emails Consumer Truth About Overpriced Pills

Reddit user TheKarateKid says he emailed a major drug company asking why their $500 version of a $10 generic is worth the $490 markup. The drug company rep accidentally emailed the customer back this message intended for her colleague. [More]

10 Stores With Cheap Generic Drugs

10 Stores With Cheap Generic Drugs

Cheap generic drugs are good for when you’re between jobs, between insurance, or if you’ve just got a prescription drug plan that is costing you too much money. You might find, as Wise Bread did, that a generic version of your medication actually causes fewer side effects in addition to being more cost-effective. [More]

Which Products Do You Always Go Generic For?

Which Products Do You Always Go Generic For?

Last month, we asked readers to tell us which food brands had earned their undying loyalty. Now it’s time to go the other way and take a look at those products — not just food this time — that you only buy in their most generic forms. [More]

Why Paying More For Brand Name Drugs Is Folly

Why Paying More For Brand Name Drugs Is Folly

There are some people out there who just don’t get how much crazy money you can save with buying generic drugs. For those folks, this infographic was crafted by Mint.com. To illustrate the cost-savings possible, they took a look at Advil. For the same 200 mg of isobutylpropanoicphenolic acid, people are willing to pay over $8 more per box. Those pretty graphics aren’t going to chase away your headache any faster, honey. Let’s take a look: [More]

Store-Brand Soft Drinks May Contain Less Sweet, Precious Caffeine

Store-Brand Soft Drinks May Contain Less Sweet, Precious Caffeine

When shopping for soda, it’s a reasonable assumption that store-brand colas have more or less the same amount of caffeine as the name brand, right? Or at least the same amount of caffeine from one bottle to another. Some scientists studied a wide variety of sodas, tested their caffeine levels and learned…not so much. [More]