Some Generic Drug Prices are skyrocketing

According to a new analysis from Pembroke Consulting, the price of half of all generic drugs sold through retailers increased over the past year. In a few cases, the price of a generic increased considerably, for example by 17,000% for the tetracycline antibiotic and the captopril blood pressure pill. Adam Fein of Pembroke Consulting says that this industry-wide phenomenon can be attributed to a number of factors, but he cites shortages as the primary driving force. Shortages may occur for a number of reasons including: stricter FDA regulations, manufacture exit from a market, and manufacturing glitches. However, that’s not to say that the price of all generic drugs increased. In fact, the analysis also found that half of all generic drugs declined in price.

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