Quote:
Originally Posted by ilovetv
If you don't want it to be all about "big business", then you'd want competition from smaller, lesser-known companies to be able to produce generics which cost the consumer a WHOLE lot less than the original/trade-name drug.
It certainly would not have benefited the consumer if a generic mfr. were put out of business because of a $21 million judgement against the smaller company competing with a giant one.....especially when the generic mfr. is (by law) making the exact same chemical product and labels it the same way the original mfr. does.
This, which blueash said it important to know and understand:
"The consumer has exactly the same protection whether you take a brand name or a generic. Keep in mind that because something bad happens does not mean a mistake was made. Every drug has benefit and risk which must be balanced. The risk however is never zero."
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It is my understanding that there is a difference, you can still sue the brand name manufacturer but you don't have that option with the generic manufacturer. The bottom line is those who cannot afford the real thing and take a generic and get sick have no recourse but the well off person who can afford the real thing may still get sick but At least have a recourse to go to court. It's just another little perk but one I think we should all have. Now, and I don't know if it is available or not, maybe you can partner with the generic maker against the developer?
There have been cases where the drug manufacturer knew about certain issues and still proceeded to get their drug into the market.
My comments regarding big business were related to all of the them, big pharma, big oil, big you insert the name here. They all have their feet and their money up and down the halls of government. I am still waiting for the first big banker wall streeter to be charged with a crime ... There was a cartoon I saw the other day and it was relating to a felon who was on the loose trying to find a place to hide. The answer to the felon was Wall Street ... No one ever goes to jail from there.