Lecture 6 done Flashcards
What are brand name manufactures?
the single source of patent protected drugs
What are the role of patents?
unique product, little to no competition, marketing and advertising
What are generic manufactures?
off-patent or multi source druug makers. limited r&D, focus on efficient production, competitive pricing
What are trends seen in drug manufacturing?
increased use of generic drugs(85%), more products=lower price
What is the purpose of wholesalers?
purchase, store and distribute drug products, technology solutions, ensure integrity of drug distrubution system
What is the channel of distribution for perscription drugs?
manufactures, wholesalers, pharmacies, patients
What is a PBM?
pharmaceutical benefit managers
What is the purpose of PBM’s?
administer drug plan on behalf of insures, sell drug plans to employers, buy perscription services from pharmacies
What are issues faced by PBM’s?
rising drug use, costs, vertical integration with medical services
