One of the leading generic medicine providers in the country Pharma Dynamics says there are cheaper generic alternatives to replace the prescription of expensive brand-name medication costing the SA economy around R4-billion a year.
The company says patients are paying between 40% and 80% more than they need to.
Erik Roos, CEO of Pharma Dynamics said “for patients with hypertension (high blood pressure) alone, substituting brand-name prescription medication for generics, would save millions.”
He adds that many patients are paying over R350 for a product that could be costing them in the region of R75.
“The reason generic manufacturers can sell medication at a lower cost is not because it is of inferior quality, but because of the increased competition among generic manufacturers, who don’t have to go through the expensive research and development phase that brand companies have already gone through,” said Roos.
Dr Mark Sonderup, Physician & Vice Chair of the South African Medical Journals has questioned these claims.
There are a number of reasons why people may actually prescribe the original, that is because there is actually no alternative generic.— Dr Mark Sonderup, Physician & Vice Chair of the South African Medical Journal
If patients want to actually use the more expensive brand they have go to be prepared to pay.— Dr Mark Sonderup, Physician & Vice Chair of the South African Medical Journal
I am not sure what their dissertation is based on and I would like to see the actual empiric evidence that they are claiming.— Dr Mark Sonderup, Physician & Vice Chair of the South African Medical Journal
Listen to the full interview below...