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New Crop of Generics May Help Reduce Drug Spending

By Elaine Goodman (medical/business Reporter)

Friday, December 22, 2017 | 1117 | 0 | 1 min read

The U.S. Food and Drug Administration approved 74 first-time generic drugs this year, including a generic for Truvada, a preventive treatment for HIV infection that workers’ comp payers spent 47% more on last year than in 2015. And in another piece of good news regarding drug costs, a first-time generic for Viagra that the FDA approved last year hit the market this month. The generic drug produced by Teva Pharmaceutical Industries is joined by a generic version of Viagra from Pfizer Inc., which also makes Viagra itself. Pfizer’s generic will sell for $30 to $35 per pill, compared...

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