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Amid the public fury over the escalating costs of brand-name medications, the prices of generic drugs have been falling, raising fears about the profitability of major generic manufacturers. Despite these cases, the trend toward deflating generic prices appears to have accelerated as companies have more aggressively undercut each other’s prices.Making matters worse for the generics companies, they are missing out on peak profit potential because not as many brand-name products are losing patent protection. Generic manufacturers say they expect it will continue, and are worried that lower prices could put pressure on profits and threaten the viability of the companies. This could lead to a wave of mergers and acquisitions, reducing competition and leading to higher prices."
At www.nytimes.com
