Are Authorized Generics only offered by brand companies with generic subsidiaries?
No, more Authorized Generics come from Prasco, an independent Authorized Generic company than any other company. Not all Brand Companies have generic subsidiaries. Some establish commercial supply/licensing agreements with private label marketing and distribution companies to market and distribute the Authorized Generic product. The benefit of aligning themselves with a specialty company like Prasco brings a unique set of marketing skills and focus to ensure a maximum marketplace penetration. In fact, many generic companies have Authorized Generics.
Related Questions
- Aren Authorized Generics an effort by large pharmaceutical companies and their partners to circumvent the intent of the Hatch-Waxman Act which created the 180-day exclusivity period for the first generic drug approvals?
- Won’t generic companies stop challenging brand drug patents if Authorized Generics are allowed to continue?
- What are the similarities between authorized generics and other generic products?
