This quick, one-time registration gives you access to members-only site benefits. The recent Health and Human Services study on drug reimportation estimated that total savings from legalized commercial importation would only be one to two percent of total drug spending. Headlines screamed that imports likely wont save money or that net savings wouldnt be worth the effort required. However, a closer look at the data in the report shows that savings could be much more substantial. In fact, I believe savings would be in the neighborhood of seven percent (very conservative) to 28 percent (using U.S. market assumptions) of total drug spending, resulting in U.S. savings of $15 billion to $62 billion. So why is there such a discrepancy between the HHS conclusion and my calculations, which are detailed below? Its actually quite simple: The reports key conclusion related to lack of savings is built upon three premises. The first and most important of these premises disregards the language in the Gutknecht Reimportation Bill that was approved by Congress as well as the Dorgan bill that the Senate wasnt allowed to vote on. This premise states that Imported drugs may be around 12 percent of total use of such drugs in the U.S., depending on the scope of any importation program, because drug companies have incentives to impede exports. This premise doesnt take into account that current reimportation bills would make it illegal to limit supply. The second faulty premise is that U.S. drug buyers including families, HMOs and insurance companies may get a discount much less than the full difference between U.S. prices and foreign prices. U.S. drug buyers may get discounts of only 20 percent or less, with the rest of the difference between U.S. and foreign prices going to commercial importers. This assumes unprecedented price
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The Book "Plant Drug Analysis" - by H. Wagner & S. Bladt - is currently out of print. However, we have access to a supply that is not available in the US. This is a very popular book for natural...
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Operational Excellence & Lean Six Sigma Allow drug importation to begin without first requiring certification by the HHS Secretary. Include a non-discrimination provision that would make it an...
By Angelo De Palma, Ph.D., Contributing Editor Last December, the era of personalized medicine inched closer to reality when the U.S. Food and Drug Administration (FDA) approved Nitromeds...
This quick, one-time registration gives you access to members-only site benefits. The following article does not necessarily represent the views of PharmaManufacturing.com and Putman Media. We invite...
This quick, one-time registration gives you access to members-only site benefits. The Center for Medicines in the Public Interest (CMPI) recently projected that counterfeit drug sales will reach $75...
By Paul Thomas, Managing Editor Given the current consumer and media backlash against drug makers, theres a real need for clear and sober public education about what drug companies really do.