Viewing a single comment thread. View all comments

blackandgay676 t1_japvmhj wrote

The cost reduction part is highly dependent on the number of generic makers who want to get in.

I work in HIV prevention and the first generic of Truvada went from 2000 for brand name to ~1400 for generic because for the first 6 months there was only one generic drug maker. After those 6 months were up the price plummeted and I think now list price for it is anywhere from 30-100 bucks.

332

[deleted] t1_japxich wrote

[removed]

63

[deleted] t1_jaq20r7 wrote

[removed]

12

SNRatio t1_jaq5cro wrote

A study on competition a while ago found that the first competitor usually didn't have that big of an impact on price. The second competitor is what moves the needle.

31

somdude04 t1_jaq6tvs wrote

That's because we have a rule in place to give that first generic a 180 say exclusivity benefit because they were first, where they still price gouge because the only price they need to beat is the name brand one, and only barely.

34

im_thatoneguy t1_jaq9ync wrote

I wonder how close to repaying their entire capex they get in those first 180 days.

9