Generic Or Not Generic?

Whether choosing generics because of cost or availability you would think that their safety and efficacy would be guaranteed by the maker, much like brand name products.

It seems like this is not the case.

Across the country, dozens of lawsuits against generic pharmaceutical companies are being dismissed because of a Supreme Court decision last year that said the companies did not have control over what their labels said and therefore could not be sued for failing to alert patients about the risks of taking their drugs.

Now, what once seemed like a trivial detail — whether to take a generic or brand-name drug — has become the deciding factor in whether a patient can seek legal recourse from a drug company. The cases range from that of Ms. Schork, who wasn’t told which type of drug she had been given when she visited the hospital, to people like Camille Baruch, who developed a gastrointestinal disease after taking a generic form of the drug Accutane, as required by her health care plan.

High Demand for Cheap Generic Drugs Dig Into Global Pharmaceutical Market Sales

Generic drugs are in high demand in growth markets in Europe and China and will quickly out pace the sale of name brand drugs.

One of the fastest growing markets will be for Type II diabetes medications as Western lifestyles and diseases encroach on the developing world.

Global sales growth of prescription drugs could be cut in half over the next five years as lucrative brands lose patent protection and cheaper generics and emerging markets become the only significant growth drivers, according to IMS Health.

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