BRIEF: Generic-drug delays blamed for high costs
Sacramento Bee (CA)
July 31--Californians with cancer, heart disease, epilepsy and other conditions have been forced to pay an average of 10 times more than necessary for at least 20 key drugs, according to a report by the California Public Interest Research Group and Boston-based Community Catalyst.
The report, titled "Top Twenty Pay-for-Delay Drugs: How Drug Industry Payoffs Delay Generics, Inflate Prices and Hurt Consumers," claims the affected drugs have been subject to an industry practice called "pay for delay," in which brand-name pharmaceutical companies pay off generic drug manufacturers to keep lower-cost equivalents off the market.
For more details, see www.calpirg.org.
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