Wednesday, July 27, 2011

Brand Name Drugs Go Generic Means Competition

Many brand name drugs are scheduled to go generic in the next year. Newly developed drugs apply for a patent that protects the company's product from competition for a set time. In the United States a patent filed on a drug lasts for 20 years.

Once the drug patent expires, other companies produce the drug using the same ingredients, and sell it at a much lower price. The population needing the drug now benefits from marketplace competition. Below is a list of brand names drugs about to get competition from generics.

October 2011 Zyprexa olanzapine

November 2011 Lipitor atorvastatin

March 2012 Lexapro excitalopram

March 2012 Seroquel quetiapine

March 2012 Avapro Avalide irbesartan

April 2012 Provigil modafinil

May 2012 Plavix clopidogrel

July 2012 Tricor fenofibrate

August 2012 Singulair montelukast

August 2012 Actos pioglitrazone

September 2012 Diovan valsartan

September 2012 Geodon ziprasidone

November 2012 Lidoderm lidocaine patch

December 2012 Atacand candesartan

March 2013 Lovaza omega 3

August 2013 Temodar temozolomide

Trying the generic version of the brand name drug typically saves the consumer out of pocket money. Home Care Path http://www.homecarepath.com/ in home staff assist seniors with medication reminders.

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