Generic versions of name-brand prescription drugs are supposed to be “just as good” and just as effective as the name-brand drugs for which they are substituted. Generic drugs (“generics”) are often preferred by health insurance companies and by many patients… Read More
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Walgreens, Generic Drug Manufacturer Accused Of Overcharging
A recently filed federal lawsuit claims that the largest drugstore chain, Walgreens, and a generic drug manufacturer, Par Pharmaceuticals Cos., overcharged insurance companies, union health and welfare funds, and self-insured employers for generic versions of Prozac, Zantac, and generic versions of other… Read More
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Drug Shortages: Get Your Drugs While You Still Can!
The severe shortages of drugs in the United States are becoming more and more ominous. Hospitals and surgeons alike are finding that the drugs they use and rely on may be available one day but unavailable the next. Some unscrupulous… Read More
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Are Secret Deals Among Drug Companies Costing You Money?
The U.S. Federal Trade Commission (“FTC”) has reported that name-brand drug manufacturers will cost U.S. taxpayers billions of dollars over a 10 year period by paying generic drug manufacturers to delay their introduction of lower-cost generic alternatives to brand-name drugs. The FTC found that for the period… Read More
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What Is The Difference Between Brand Name Drugs And Generic Drugs?
When a drug manufacturer (a pharmaceutical company) creates a new drug, it must be thoroughly tested and approved before it is sold. The U.S. Food and Drug Administration (FDA) regulates and approves new drugs. Because many new drugs never make… Read More
