Now instead of month-to-month I can stock-up in bulk Do you have mail service available through your PBM? What's your current copay for Prilosec?
Now that Prilosec sales have recovered the development costs everyone can benefit from the OTC price reductions.
Strange thing, that - they're not interested in that - they're interested in continued profits. When Claritin when OTC earlier this year, the cost wasn't reduced. OTC cost was approximately the same as it was for RX cost. And as far as them recovering the R&D costs, Prilosec was first approved on September 14, 1989. They've had 14 years to recover their costs. Given the current average wholesale price of the med, and the current contract costs of the med, I'd say they did that a long time ago.
"Given the current average wholesale price of the med, and the current contract costs of the med, I'd say they did that a long time ago."
Actually, current costs for a single FDA approval are averaging about 250 million USD. I do not know what the cost was in the late 80s. Current and past costs (including OTC FDA processing) would require a significant long-term amortization.
Here is a long study I posted that presents a real conservative solution to the FDA and the government impact on the price of drugs. It is very long, but well worth the read. Everyone wants to blame the drug companies (very liberal) for the cost of medicine and yet few look to the real reasons why costs are so high. This study I believe provides other options.
Making Drugs Safe and Available without the FDA