High Drug Prices

In America in 2000 we were on the verge of the largest cycle of drug-patent expirations in our history. The analysts remained divided on what benefit the consumers would enjoy from this unprecedented trend.

An estimated $34 billion worth of blockbuster drugs expired between 2000 and 2004, which was the largest in the nation’s history, and it is still divided on what benefit, if any, the consumers will enjoy from this trend. This included antidepressant Prozac and the antihistamine Claritin among some others, according to IMS Health. At the time the argument from Wall Street analysts predicted these patent …read more