Authorized Generics: Good For Everyone (Even Generics) . Jerome A. Swindell Senior Counsel. Not A New Issue. Innovator firms have been supplying generic products for years
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No dispute that generic drugs, including authorized generics, reduce prices. http://www.fda.gov/CDER/ogd/generic_competition.htm; Brendt, et al, Authorized Generic Drugs, Price Competition and Consumers’ Welfare
According to FDA, the greatest price reduction is associated with the second generic. Seehttp://www.fda.gov/CDER/ogd/generic_competition.htm; (analysis of retail data shows that first generic priced at 94% of brand price, but second generic reduces prices to 52% of brand price).