August 1st, 2007 03:42pm
admin
Diet pills are prominent in the marketplace today. They are indeed a very tempting avenue to take if you are trying to lose weight.If you have been trying unsuccessfully so far, the temptation to add diet pills to your efforts is great. Diet pills offer us everything we want to achieve in a quick fix.
The attraction of diet pills and there appealing weight loss claims can be hard to pass up as is evidenced by vast growth in this industry in the past few years. (more…)
July 31st, 2007 04:34pm
admin
Canadian prices for generic prescription drugs in 2006 were on average more than double American prices for identical drugs, according to a new study from independent research organization The Fraser Institute.
The study, Canada’s Drug Price Paradox 2007, found that Canadian prices for generic prescription drugs were on average 115 per cent higher than U.S. prices. At the same time, Canadian prices for brand name prescription drugs were on average 51 per cent lower than American prices. An earlier version of the study published in 2005 found that prices for
generic drugs were 78 per cent higher in Canada. By contrast, prices for brand-name drugs were 43 per cent lower in Canada on average. “These new findings show that prices for generic drugs in Canada have increased relative to the U.S., while prices for brand-name drugs have decreased,” said Brett Skinner, The Fraser Institutes’s Director of Health,
Pharmaceutical and Insurance Policy Research and co-author of the study. “Canadians pay more for generic drugs because government policies shield generic drug companies and pharmacy retailers from normal market forces that would naturally reduce prices.” This study estimates that in 2006 alone, misguided government policies cost Canadians between $2.5 billion and $6.6 billion in unnecessary spending due to inflated prices for generic drugs and inefficient use of medicines. Over the four years from 2003 to 2006, the total amount of money wasted could range from as high as $20 billion to more than $26 billion. “Since the U.S. market is not distorted by the kinds of government policies that exist in Canada, Americans benefit from dramatically lower prices for generic drugs,” Skinner said. Some key Canadian policies that distort generic drug pricing include: (more…)
July 30th, 2007 12:03pm
admin
WASHINGTON — The Food and Drug Administration, beset by a lack of funding and staffing, is failing to keep up with the growing volume of generic drug applications and meet its obligation to approve the lower-cost prescription medicines in a timely fashion.
Although the FDA gave the go- ahead to more than 500 generic drugs last year, the agency’s backlog of pending applications grew to 1,291 last month, from 780 at the end of 2005. The median approval time for new generic applications has been stalled at more than 16 months for several years, despite a statutory requirement that generic drugs be reviewed within 180 days. (more…)
July 26th, 2007 08:25pm
admin
Rwanda is the first country to come forward and ask for Canada’s help in supplying cheaply priced, generic drugs to fight HIV/AIDS.
Three years ago, Canada’s Access to Medicines Regime was created with the intention of supplying inexpensive medication to developing nations to fight public health threats. (more…)
July 26th, 2007 02:30am
admin
While it may be easier on your wallet to buy the generic version of the drugs you need, are they just as good for your health as the brand names?
You may not know it, but chances are if you filled a prescription in the last year, you have probably taken a generic drug. (more…)
Next Posts