Posted by Michael Wonder on 17 Jun 2019
As global markets for generic drugs fail, poor people pay the price
17 June 2019 - Healthy competition from generic drugs is often held up as a “cure” for high drug prices — a shared concern across rich and developing countries alike.
For many low- and middle-income countries, however, a new report from the Center for Global Development that we co-authored shows that global markets for generic medicines are failing, leaving the poorest patients without safe and affordable essential medicines.
The first point of failure is drug quality. In wealthy countries, residents can usually trust that all drugs on pharmacy shelves are safe, authentic, and potent.
