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The Generic Drug Industry in Illinois

CHICAGO For a number of reasons, we have all heard a lot about generic drugs lately.

The high cost of new drugs, the rise in number of people without medical insurance in the U.S. and perhaps even the U.S. governments efforts to accelerate the entry of generics into the market to help cap some of the rising costs of health care are just a few reasons.

In fact, it is estimated ......

Full article >>> c substitution of the product). The pharmacist makes more money and the patient is satisfied because medication is costing substantially less.

While Big Pharma generally is more profitable than the generic companies, the generic business is still very profitable and is growing quickly due to the increase of major blockbuster drugs with patents close to expiring.

Generic Drug......

Full article >>> iants are companies that are from countries not necessarily known for pharmaceutical drug research innovation but are recognized as skilled in their chemistry abilities to retro-engineer other companies drugs quickly.

These foreign generic giants include TEVA (Israel), Dr. Reddy (India), Ranbaxy (India) and Cipla (India).

One of the few generic giants affiliated with a major ph......

Full article >>> ho was previously the COO of Adolor and had been a senior executive with Faulding).

It is clear that all these companies and their investors see the potential growth of the U.S. generic drugs business and are ramping up activities to prepare for the opportunities presented when Big Pharmas patents expire. Once a drug loses its patent, sales of the original brand-name product can fall by ......

Full article >>>
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Source:wistechnology.com By Michael Rosen 09/08/03


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