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Big Pharma is using faux generics to keep drug prices high, critics say

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Geekz Snow
Big Pharma is using faux generics to keep drug prices high, critics say

Traditional generic drugs, on the other hand, are versions of a drug that are equivalent to a brand-name drug in active ingredients and effects but may have slight variations, such as in inactive ingredients like fillers and flavors.

EpiPen maker Mylan reveals generic—it’s only triple the price

High-profile examples of authorized generics include Mylan’s cheaper form of its EpiPen, a life-saving epinephrine autoinjector that curbs deadly allergic reactions.

But it’s still a staggering hike from EpiPen’s original cost of around $50 per injector in 2007.

That year, Mylan bought the rights to EpiPen and then raised the price more than 400% in the years that followed.

Moreover, because brand-name drugs’ list prices are often subject to rebates and discounts by middlemen, the authorized generics’ lower prices sometimes have no impact on how much drug companies net for their drugs.

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