People’s Pharmacy: How Licensed Generics Save Money | Lifestyles

People’s Pharmacy: How Licensed Generics Save Money |  Lifestyles

The savings can be substantial. For example, The Costco Member Prescription Program sells brand name Lipitor (atorvastatin). The cost for 90 pills (10 mg) is $236.52. The brand-name manufacturer, Pfizer, has an AG agreement with its subsidiary Greenstone/Viatris. The identical 90 atorvastatin pills cost $16.23. That is a 93% discount for the same exact medicine. What is an authorized generic drug? According to the Food and Drug Administration: “The term ‘authorized generic’ drug is most commonly used to describe an approved brand name drug that is marketed without the brand name on its label. Other than the fact that it does not have the brand name on its label, it is the exact same drug product as the branded product. An authorized generic may be marketed by the brand name drug company, or another company with the brand company’s permission.”

How does that compare with other generic atorvastatin? Costco also sells atorvastatin from the generic drug manufacturer Apotex. It costs $15.99 for 90 pills. The difference is that the authorized generic atorvastatin is identical to brand name Lipitor.

Source greensboro.com

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