Unsustainable low prices causing generic drug market failure leading to supply chain disruptions and shortages

Forbes

6 July 2020 - Ongoing disruptions in the globalised pharma supply chains causing drug shortages in the United States are at their highest in five years. 

Prescription medications dispensed through health systems, and pharmacies are seeing outages. Scarcities exist in a wide range of drugs used in cardiovascular, anti-infective, and cancer treatments, etc. 

Commoditised old generic drugs, intravenous saline solutions, anaesthetics, and antacids like sodium bicarbonate amongst others, have also been occasionally in limited supply.

"Race to the bottom," unhealthy purchase prices are causing a dysfunctional business environment for the generic drug market.

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Michael Wonder

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Michael Wonder

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US , Pricing , Generic medicine , Supply