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FOXNewshealth.com Managing Editor Dr. Manny Alvarez on how drug prices will drop upon expiration of brand-name patents.
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Incredible well get ready to see your drug prices plunged perhaps the Arab brand name prescription drugs blockbusters.
It looks like shifting toward an era of generics and that means you will be paying a whole lot less for drugs as patent -- expire.
That's right the managing editor itself possibly -- dot com Dr.
Manny Alvarez Dr.
Manny is here with more.
What this is potentially very big deal for people it's good news -- -- -- that a lot of folks are gonna get.
Prescription med that they can't afford today you know you're talking about.
Probably warning of the big drugs over the next fourteen months were -- at least 255 billion dollars in annual sales around the planet.
They gonna lose their patent and of course a lot of generic drugs are going to be.
Available for less dollars.
That's -- And if -- Lipitor for somebody who generic would cost about ten dollars a month which is not a a lot.
So this is all good good news in the time -- people don't have any money and of course positions are very.
Bullish and the fact that hopefully now patients are gonna take demands and and they go into of course get better which is at the end of the day when every doctor wants to happen.
I particularly.
You know being the cynic that I am.
Worry about -- fundamental things one is of course the quality.
There there have been many many stories told about generic drugs where the quality doesn't mean the standards that you know the real branded label hats.
Quality is important because when you look at some of these pills they don't contain the same chemicals sometimes they are even fake.
And being the cynic that I am.
There's going to be a lot of club.
Companies that are in the generic business some of them foreign companies we're gonna try to get -- to US markets.
We don't have any inspection control in those foreign markets.
Now you just Karen followed -- knows the way up now to -- I get.
And all I've got the whole thing.
I get the whole thing that that that be that bad that it's great that that we gonna have generic drugs and that's a big ticket items -- get that but.
That is not what happens after it gets implement that what gets implement that is that.
You know who look at some of these Internet companies that are selling drugs who folks and you find out that these drugs really.
Are no more than you don't calcium and some aspirin put together they tell you that this this and that.
You don't your I'm details on the Internet well a lot of you probably know a lot of people do and that's the problem I don't have it probably generics I just wanna make sure that as they come online.
That is going to be.
Are really companies that have quality and by the way.
This is ultimately also -- -- head I heard big pharma let's not lose sight of the fact that it is because of pharma research.
That these drugs become available.
And as all of these big pharma companies now Begin to cut down -- they gonna cut down 10% of the workforce in the next fourteen years or so because.
They have to go and tried to sell.
The branded drugs in other markets outside the US in order to keep their capitalization all right check my -- -- sound like an economist you do doctor.
Thank you sir thank you Erica.
