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Antiparasitic Drugs in the United States—Two Roads to High Prices
High prescription drug prices contribute significantly to healthcare spending in the United States and compromise patients' access to quality medical care. A number of factors allow drug manufacturers to set much higher prices in the US than in other comparable high-income nations. Price-contro...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Frontiers Media S.A.
2020
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Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8022742/ https://www.ncbi.nlm.nih.gov/pubmed/33869491 http://dx.doi.org/10.3389/fsoc.2020.540478 |
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author | Shahriar, Arman A. Alpern, Jonathan D. |
author_facet | Shahriar, Arman A. Alpern, Jonathan D. |
author_sort | Shahriar, Arman A. |
collection | PubMed |
description | High prescription drug prices contribute significantly to healthcare spending in the United States and compromise patients' access to quality medical care. A number of factors allow drug manufacturers to set much higher prices in the US than in other comparable high-income nations. Price-control depends primarily on the entry and persistence of generic products following the expiration of the market exclusivity period granted to the manufacturer of the brand name drug. Unfortunately, barriers to generic entry are common, allowing off-patent drugs like albendazole to remain relatively expensive despite having been marketed in the US for decades. By contrast, miltefosine became FDA approved more recently and has maintained a high price tag by way of a novel incentive program—the neglected tropical disease (NTD) priority review voucher (PRV) program. The voucher has a high market value and can be sold or transferred well before the drug for which it was awarded becomes available on the market. While both drugs are used to treat parasitic infections that are uncommon in the US, they differ by market and regulatory conditions—each telling an interesting pricing story. |
format | Online Article Text |
id | pubmed-8022742 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2020 |
publisher | Frontiers Media S.A. |
record_format | MEDLINE/PubMed |
spelling | pubmed-80227422021-04-15 Antiparasitic Drugs in the United States—Two Roads to High Prices Shahriar, Arman A. Alpern, Jonathan D. Front Sociol Sociology High prescription drug prices contribute significantly to healthcare spending in the United States and compromise patients' access to quality medical care. A number of factors allow drug manufacturers to set much higher prices in the US than in other comparable high-income nations. Price-control depends primarily on the entry and persistence of generic products following the expiration of the market exclusivity period granted to the manufacturer of the brand name drug. Unfortunately, barriers to generic entry are common, allowing off-patent drugs like albendazole to remain relatively expensive despite having been marketed in the US for decades. By contrast, miltefosine became FDA approved more recently and has maintained a high price tag by way of a novel incentive program—the neglected tropical disease (NTD) priority review voucher (PRV) program. The voucher has a high market value and can be sold or transferred well before the drug for which it was awarded becomes available on the market. While both drugs are used to treat parasitic infections that are uncommon in the US, they differ by market and regulatory conditions—each telling an interesting pricing story. Frontiers Media S.A. 2020-10-22 /pmc/articles/PMC8022742/ /pubmed/33869491 http://dx.doi.org/10.3389/fsoc.2020.540478 Text en Copyright © 2020 Shahriar and Alpern. http://creativecommons.org/licenses/by/4.0/ This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms. |
spellingShingle | Sociology Shahriar, Arman A. Alpern, Jonathan D. Antiparasitic Drugs in the United States—Two Roads to High Prices |
title | Antiparasitic Drugs in the United States—Two Roads to High Prices |
title_full | Antiparasitic Drugs in the United States—Two Roads to High Prices |
title_fullStr | Antiparasitic Drugs in the United States—Two Roads to High Prices |
title_full_unstemmed | Antiparasitic Drugs in the United States—Two Roads to High Prices |
title_short | Antiparasitic Drugs in the United States—Two Roads to High Prices |
title_sort | antiparasitic drugs in the united states—two roads to high prices |
topic | Sociology |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8022742/ https://www.ncbi.nlm.nih.gov/pubmed/33869491 http://dx.doi.org/10.3389/fsoc.2020.540478 |
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