Generic Drug Companies Fighting Threat From Big Brands

Summary

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A divisive practice is roiling the generic pharmaceutical industry, with some companies saying consumers are losing out.

The practice involves "authorized generics," which are basically brand drugs with a generic label. A brand pharmaceutical company supplies its drug to a generic firm and allows that firm to market the product as a generic in return for royalties. Brand companies also have used their own generic divisions to launch authorized generics.

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Generic Drug Companies Fighting Threat From Big Brands

Many generic drug companies, including the industry's trade group, are alarmed that authorized generics are siphoning profits from generic companies during a six-month period where they expected to be the only generic on the market - a period often granted as a reward for challenging patents on brand medicines.

The issue has put some generics in the awkward position of criticizing th...

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