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This week the White House Council of Economic Advisers (CEA) released yet another report showing that medicine prices are growing at the slowest rate in decades. The report, “Measuring Prescription Drug Prices: A Primer on the CPI Prescription Drug Index,” focuses on the Bureau of Labor Statistics’ (BLS) Consumer Price Index for prescription drugs (CPI-Rx). According to the CEA, “list prices are perhaps the least important measure of price for prescription drugs” versus the CPI-Rx, which reflects actual prices received by pharmacies and accounts for changes in medicine utilization as new generic competitors enter the market.NEXT ARTICLE
Clinical Approvals Clinical Trials Drug Approvals Drug Delivery Drug Discovery Generics Drugs Prescription Drugs In the fields of medicine, biotechnology and pharmacology, drug discovery is the process by which drugs are dis...
A generic drug (generic drugs, short: generics) is a drug defined as "a drug product that is comparable to brand/reference listed drug product in dosage form, strength, route of administration, quality and performance characteristics, and intended u...