Discover your next big idea for life sciences at PACK EXPO Las Vegas
Experience a breakthrough in life sciences packaging—explore solutions from 2,300 suppliers spanning all industries, all in one place this September

What is causing generic drug prices to rise?

Industry experts say supply chain and drug shortages could be to blame.

 

NBC News recently aired a story about the cost of generic drug prices.

They reported in some cases, "nearly half of generic medications increased in price in a year."

So, what is causing this increase?

While some politicians told the network, it is greed, Ralph G. Neas, President and CEO of the Generic Pharmaceutical Association, has a different take.

"It happens sometimes, because there can be drug shortages, there could be supply problems around the world, there could be a whole bunch of market forces," he told the network.

View the full segment by clicking here.

 

 

Researched List: Blister Machines for Life Sciences
Need a blister machine for life sciences packaging? Our curated list features companies serving pharmaceutical, medical device, nutraceutical, and cosmetic industries. Download to access company names, locations, machine specifications, descriptions, and more.
Download Now
Researched List: Blister Machines for Life Sciences
FDA warning letters surge - is your team prepared?
New guide reveals expert strategies to prevent regulatory issues and respond effectively to FDA enforcement actions in pharmaceutical and medical device manufacturing.
Read More
FDA warning letters surge - is your team prepared?