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Economics Discuss The insulin market is heading for a shakeup. But patients may not benefit at the Political Forums; This article covers just about everything I've been saying regarding how Big Pharma gets their extensions on patents, the lock ...

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Old 10-16-2016, 05:32 PM
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Default The insulin market is heading for a shakeup. But patients may not benefit

This article covers just about everything I've been saying regarding how Big Pharma gets their extensions on patents, the lock they have on certain drugs, and the pricing games they play.

It seems a generic insulin is on it's way to market in December.... let's see what it does to overall pricing....

The insulin market is heading for a shakeup. But patients may not benefit | PBS NewsHour

Quote:
You’d expect competition to lower prices, but it hasn’t worked out that way in the insulin market. If you track the list price of the best-selling analog brands in recent years, you’ll see something remarkable: Prices of directly competing brands have been going up in lockstep by the amount at about the same time, in a practice known as “shadow pricing.”

So what’s going on here? Experts say there are a number of factors at play.

Drug makers have said they don’t collude on pricing in advance, but move to match their competitors’ price hikes.
Quote:
Patents have also a lot to do with it. For a long time, insulin makers have been able to make incremental improvements on their branded drugs that allowed them to extend the patent life on their products. But for some insulins, that gambit has run its course.
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