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Association Between Market Competition and Prices of Generic Topical Dermatology Drugs

Association Between Market Competition and Prices of Generic Topical Dermatology Drugs Key PointsQuestionDoes an association exist between drug price and market competition among the topical dermatologic generic medications most commonly prescribed by dermatologists in the United States? FindingsIn this cost analysis of 116 topical dermatologic generic drugs (70.5% of Medicare Part D dermatologist-coded claims), there was an inverse correlation between drug price and number of manufacturers. Drugs with 1 to 2 manufacturers sustained a 33.2% higher median percentage increase in price than drugs with more than 6 manufacturers. MeaningPolicies that increase market competition among topical dermatologic generic drugs with a limited number of manufacturers may lead to long-term price reductions. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png JAMA Dermatology American Medical Association

Association Between Market Competition and Prices of Generic Topical Dermatology Drugs

JAMA Dermatology , Volume 154 (12) – Dec 31, 2018

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References (14)

Publisher
American Medical Association
Copyright
Copyright 2018 American Medical Association. All Rights Reserved.
ISSN
2168-6068
eISSN
2168-6084
DOI
10.1001/jamadermatol.2018.3798
Publisher site
See Article on Publisher Site

Abstract

Key PointsQuestionDoes an association exist between drug price and market competition among the topical dermatologic generic medications most commonly prescribed by dermatologists in the United States? FindingsIn this cost analysis of 116 topical dermatologic generic drugs (70.5% of Medicare Part D dermatologist-coded claims), there was an inverse correlation between drug price and number of manufacturers. Drugs with 1 to 2 manufacturers sustained a 33.2% higher median percentage increase in price than drugs with more than 6 manufacturers. MeaningPolicies that increase market competition among topical dermatologic generic drugs with a limited number of manufacturers may lead to long-term price reductions.

Journal

JAMA DermatologyAmerican Medical Association

Published: Dec 31, 2018

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