Report: Companies pay big bucks to keep cheaper medicine off she - WAFF-TV: News, Weather and Sports for Huntsville, AL

Report: Companies pay big bucks to keep cheaper medicine off shelves

A new report claims big companies are paying to keep cheaper medicine off the shelf. A new report claims big companies are paying to keep cheaper medicine off the shelf.
NORTH ALABAMA (WAFF) -

There is a generic product for almost everything these days, and buying them can save you big bucks. But when it comes to buying your medicine, a recent report from a non-profit organization called the Public Interest Research Group (PIRG) said some big companies are paying to keep those cheaper generics off the shelf.

"The generic is the same thing as the regular price drug," said patient Wendy Taylor. "One is just more money."

PIRG explained big pharmaceutical drug companies are paying generic drug manufacturers to keep less expensive generics from consumers. It's called "pay for delay."

"It's a very profitable business," said Star Discount Pharmacy Pharmacist Rett Bladen. "And the longer they can keep generics out of the hands of consumers, the more money they make." 

Bladen said the practice can lead to patients not getting their medication because they can't afford it.

"Ultimately it's hurting the patients," said Bladen.

Senators across the country have drafted two bills aimed to stop "pay for delay." Consumer advocates are now asking Congress to finish the job and pass legislation to put a stop to the practice.

The Generic Pharmaceutical Association claims the PIRG report is misleading. Click the link to read their statement - http://bit.ly/18k67Te

Copyright 2013 WAFF. All rights reserved.

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