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    Saturday, March 17, 2007

    After a Reporter Called.... Interesting article on generic drug pricing from the Wall Street Journal. It seems the most effective way to get a pharmacy to lower their generic drug price is to call and say your from the Wall Street Journal:

    And last week, the same dose of simvastatin cost $108.99 at CVS's Web site, compared with $154.99 for Zocor. After a call from a reporter, CVS said it would drop its simvastatin price to $79.99, as part of an "ongoing price analysis."

    ....At Drugstore.com Inc., generic simvastatin until recently had been at $125 for the common 30-tablet dose, compared with $135.99 for Zocor, even after the six-month exclusivity period ended in late December. After a reporter called to inquire about the price, drugstore.com on Friday dropped simvastatin to $27.99, which the company said was part of a regular review

    .....On walgreens.com, simvastatin's price hadn't fallen after the six-month period's end. After a reporter inquired about it in late February, it dropped to $89.99 from $129.99. A spokeswoman said the price had already been under review.

    ....At Rite Aid Corp. pharmacies, a spokeswoman last week said the average price of the common Zocor dose was $178.99, compared with $131.99 for simvastatin. Yesterday, the spokeswoman said those prices were inaccurate and that the company frequently adjusts its prices, keeping them in line with competitors; she declined to provide new figures, saying it was proprietary information.


    The power of the press.
     

    posted by Sydney on 3/17/2007 10:29:00 PM 1 comments

    1 Comments:

    Although I am not a real fan of Big Box retailers, the difference in price on generic simvastatin between Big Box retailers and local pharmacies was still eye-opening, and might justify the cost of gas to make the trip. The fact that it took a reporter to make "adjustments" come under review should demonstrate that the local boys are still priced too high, and they know it...

    By the way, congrats (I think), you've been tagged.

    By Blogger DrWes, at 10:57 PM  

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