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Legal Minute: 3 ways #pharmacies are fighting high generic drug prices!

Author
Darshan Kulkarni
Published
Fri 01 Dec 2023
Episode Link
None

Darshan Kulkarni talks about how the generic drug industry is facing several challenges that are impacting profitability, including:

1. Pressure from insurers to lower prices,
2. Rising costs of manufacturing and distribution,
3. Inflation,
4. Supply chain disruptions and
5. Increased competition from other generic companies

Pharmacies are fighting back against these challenges by:

1. Bypassing wholesalers and negotiating directly with manufacturers,
2. Offering discounts and coupons to patients and
3. Partnering with other organizations to negotiate lower prices

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