Expiring Patents, Drug Prices and the Hazy Market for Generics

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Patents are about to expire on two of the world's best-selling prescription drugs. Prices for cholesterol-fighter Lipitor and the blood-thinner Plavix are likely to drop by 80 percent when they're replaced by generics. But that's not all. The drug industry will be faced with an unprecedented wave of expiring patents in the next few years. What will the expiration of patents on many other drugs mean for Big Pharma? How is the industry fighting back?  Will consumers get the benefits they deserve?

Credits

Guests:
Jonathan Rockoff - Wall Street Journal, Lori Reilly - Pharmaceutical Research and Manufacturers of America - @PhRMA, Richard Feinstein - Federal Trade Commission, Robert Billings - Generic Pharmaceutical Association

Host:
Warren Olney