Generic Prices

Generic Prices

Prices that assume a more or less standardized set of transaction characteristics that generally command the lowest prices.

Generic prices are distinguished from transaction specific prices, which pertain to the characteristics of a specific transaction. See Nichification/Generic Price Quotes.

References in periodicals archive ?
The action "will continue to improve Canada's position in relation to international generic prices," the two organizations said in a joint statement.
Despite this, the trend toward deflating generic prices appears to have accelerated as companies have more aggressively undercut each other's prices.
Walgreens and Valeant also entered into a separate agreement under which Valeant will distribute more than 30 branded products--where generics are available--in the dermatology, ophthalmology, gastrointestinal and neurology/other therapeutic areas through Walgreens at generic prices.
Walgreens and Valeant also have entered into a separate agreement under which Valeant will distribute more than 30 branded products, where generics are available, in the dermatology, ophthalmology, gastrointestinal and neurology/other therapeutic areas through Walgreens at generic prices, giving doctors the ability to make the branded product available to patients at generic prices.
Although spikes in generic drug prices have been in the news in recent months, generic prices rose just 6.
For these drugs after generic entry, high and increasing brand prices partly offset low and decreasing generic prices.
Caption: Brand-drug costs continue to rise as generic prices drop Note: Changes in price over the tracked for a fixed selection of the most commonly used prescription medications.
The researchers then determined that with 12 generic manufacturers, generic prices would be 33% of branded prices.
the first company to design, develop, manufacture and supply quality surgical products marketed at generic prices, recently received FDA clearance for its GMD Universal Circumcision Clamp.
As competition among generic drug companies increases and generic prices decline in developed nations, generic firms have turned to Eastern Europe where a growing middle class has increased demand for generic drugs and manufacturing costs less.
Under this plan, new drugs would be sold at generic prices as soon as the FDA approved them, and innovation would be rewarded not by high monopoly prices, but by a $60 billion per year fund, which would provide money to developers of new products based upon the actual impact on health outcomes over ten years.
Early studies focused on reduced form or semireduced form regression models that showed that branded prices and generic prices responded differently to generic entry.

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