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Generic Drug Sector Struggles Even As The Need For Cheaper Drugs Grows

 
• By Jessica Merrill

Lower prices for generic drugs in the US are continuing to drag on revenues of drug makers like Teva, Sandoz, Mylan and Endo. Industry leaders say the US market is stabilizing, but price erosion and other negative factors impacted second quarter financials across the sector. Teva is attempting a turnaround and Mylan is exploring strategic alternatives.

Generics

Generic drug companies have been trying to navigate through the persistent problem of US drug pricing pressure, but the issue has yet to resolve. Second quarter financials at generic drug manufacturers like Teva Pharmaceutical Industries Ltd., Sandoz International GMBH, Mylan NV and others were weighed down by the US market, due to continued pricing pressure, slow uptake of new complex generics and other company-specific factors.

Price erosion, spurred by customer consolidation and the US FDA's faster ANDA approvals, has impacted generic drug revenues negatively for...

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