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How Long Does It Take For A Generic Drug To Be Made Once a Patent Expires?
Posted on 4/29/17 at 3:19 pm
Posted on 4/29/17 at 3:19 pm
I saw that the patent for Staterra expired in March. I asked Walgreens how much it would cost out of pocket and they said $600 for 30 pills.
Posted on 4/29/17 at 3:21 pm to JabarkusRussell
Go to Mexico now and get whatever you want for a fraction of the cost.
Posted on 4/29/17 at 3:23 pm to East Coast Band
Honestly would be cheaper to buy a round trip plane ticket to Mexico then pay $600.
Posted on 4/29/17 at 3:35 pm to JabarkusRussell
Currently there is no generic version of Strattera. The earliest a generic version may become available is in 2017, when the patent for Strattera expires. However, Strattera may remain the exclusive property of the pharmaceutical company Eli Lilly even after this date.
Posted on 4/29/17 at 3:40 pm to JabarkusRussell
Usually the initial patent is for 10 years, but many times the patent holder can file for an extension and get it renewed for another 5-10 years.
Posted on 4/29/17 at 3:40 pm to JabarkusRussell
Viagra is a prime example.
I believe the patent is ten years. They just buy off other competitors.
I believe the patent is ten years. They just buy off other competitors.
Posted on 4/29/17 at 3:57 pm to JabarkusRussell
Posted on 4/29/17 at 4:06 pm to JabarkusRussell
Once a patent expires the generic is already going to be available very shortly after
Posted on 4/29/17 at 4:46 pm to JabarkusRussell
Patents are for 20 years , first generic usually has exclusive rights for 6 months price doesn't really drop until there are multiple generics
Posted on 4/29/17 at 4:47 pm to Arthur Bach
Id imagine companies have generics in production scheduled to be released right when the patent expires
Posted on 4/29/17 at 4:52 pm to JabarkusRussell
Try other outlets than Walgreens. I had the same situation with Walgreens regarding generic Zetia. Once it went generic they were still asking nearly as much as for the original. I found it for half their price elsewhere.
Posted on 4/29/17 at 4:56 pm to JabarkusRussell
quote:
How Long Does It Take For A Generic Drug To Be Made Once a Patent Expires?
10 years
Posted on 4/29/17 at 4:59 pm to JabarkusRussell
Back when I was in PBM patents for brands were 17 years. Was it reduced?
Posted on 4/29/17 at 5:48 pm to Sao
Was 17 NAFTA extended them to 20 don't know why people keep saying 10
Posted on 4/29/17 at 6:18 pm to JabarkusRussell
Depends how fast the FDA approves the anda
Posted on 4/29/17 at 7:07 pm to JabarkusRussell
quote:
Honestly would be cheaper to buy a round trip plane ticket to Mexico then pay $600.
Why? It seems to me that then you'd pay for not only the drug, but also the flight.
Posted on 4/29/17 at 7:16 pm to JabarkusRussell
ok first off, walgreens' business model is targeted towards customers with insurance who are only paying their copay every month. Never, ever pay out of pocket for medications from walgreens. Your best bet is Costco or a grocery store. Always call around to compare prices, or use GoodRx
Second, Pharmaceutical companies play all kinds of sleazy games with drug prices. It takes several years of a patent expiring before the cost substantially comes down. Usually, the first company to produce the generic is a subsidiary that is owned by the company with the patent anyway, so prices barely fall at all.
also, the patent expires 20 years after they file it, but they file a patent for a molecule as soon as it's discovered and it usually takes 7 or 8 years after that until it's approved by the FDA
Second, Pharmaceutical companies play all kinds of sleazy games with drug prices. It takes several years of a patent expiring before the cost substantially comes down. Usually, the first company to produce the generic is a subsidiary that is owned by the company with the patent anyway, so prices barely fall at all.
also, the patent expires 20 years after they file it, but they file a patent for a molecule as soon as it's discovered and it usually takes 7 or 8 years after that until it's approved by the FDA
This post was edited on 4/29/17 at 7:22 pm
Posted on 4/29/17 at 7:35 pm to JabarkusRussell
approval after submission takes 10 months on average for generics.
This post was edited on 4/29/17 at 7:36 pm
Posted on 4/29/17 at 7:41 pm to LSU alum wannabe
quote:
Viagra is a prime example
Viagra is sildenafil. The 20mg form is available in generic. We switch all the viagra patients to this. Insurance won't cover 20mg unless you have pulmonary hypertension but you can get 90 for $65 with our discount card.
Carrier code: PARX
BIN: 610210
Group: CMTY202
ID: CMTYCR383
quote:
How Long Does It Take For A Generic Drug To Be Made Once a Patent Expires?
Depends on so many factors.
FDA website
Edit. I left out a "y" in one of the codes. I'll double check tomorrow that I'm correct, I posted the codes from memory.
This post was edited on 4/29/17 at 7:54 pm
Posted on 4/29/17 at 7:44 pm to OKellsBells
quote:
OKellsBells
Damn it is HOT when you talk business...
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