Sponsored by:

Business in the Burbs

Movers, shakers and newsmakers

Archive for the 'Part D' Category

Barr reaches licensing deal with Bayer


Barr Pharmaceuticals Inc. of Montvale, N.J., with research and manufacturing operations in Pomona, said it has a deal to market and distribute generic versions of Bayer’s Yasmin and Yaz oral contraceptives in the United States. Bayer will provide the drugs to Barr before the patents expire, and Barr will sell them under the Barr Laboratories label. Barr said the deal allows the company to launch its own authorized generic versions of the drugs years before the patent expirations. Yasmin had reported sales of $575 million in the 12 months ending in April, while Yaz had sales of $384 million in that period.

Posted by Jerry Gleeson on Tuesday, June 24th, 2008 at 5:12 pm |
| | Comments Off on Barr reaches licensing deal with Bayer

Study shows drug prices vary considerably


For consumers who pay for prescription drugs out their own pockets, a new price study by Yonkers-based Consumer Reports finds it pays to shop around.

The consumer publication’s research showed that not only that prices vary from store to store for the same, but the differences can be dramatic — even within the same chain, depending on location.

Consumer Reports placed calls to 163 pharmacies nationwide to gauge price differences among four prescription drugs, three name brand medicines and one generic. For a three-month supply of pills for the urinary incontinence drug Detrol, for example, the price ranged from $365 to $551.

The magazine also found significant price disparities for the two other name-brand drugs it studied: for Plavix (which prevents blood clots), the spread was $382-$541, and for Levoxyl (for treating hypothyroidism), prices ran from $29 to $85. And for the generic alendronate (for osteoporosis), the price range was $124 to $306.

The magazine’s small scale market-basket study showed Costco was the cheapest for the four drugs CR sought quotes for, followed by AARP.com and Wal-Mart. Walgreens and Rite-Aid were among the priciest for the four drugs.

Besides calling different stores and comparison shopping, other cost-saving tips include:

• Don’t rule out independents: Though they’re not the cheapest overall, many mom-and-pop pharmacies are highly competitive and offer top notch service.

• Talk to your employer: Benefits administrators can provide details about pharmacy benefit managers, also known as PBMs.

• Buy generics: They can cost 20 to 50 percent less than their brand name equivalents.

• See if there’s a discount program: Some stores have programs for those 50 and older; other programs are open to anyone without insurance.

The full report is available for free now at www.ConsumerReportsHealth.org, or in the June issue of Consumer Reports magazine available on newsstands tomorrow.

Posted by David Schepp on Monday, May 5th, 2008 at 6:00 pm |
| | Comments Off on Study shows drug prices vary considerably

About this blog
Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.


Get blog updates via email:

About the Authors


Other recent entries


Monthly Archives