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Generic Drug Decline Doesn't Benefit Consumers

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Amid the public fury over the escalating costs of brand-name medications, the prices of generic drugs have been falling. This has raised fears about the profitability of major generic manufacturers. Last week, Teva Pharmaceuticals reported that it had missed analysts' earnings estimates in the second quarter. The company planned to lay off 7,000 workers. As investors worried there was no end in sight, its share price plummeted 24 percent in one day.Share prices of other generic drugmakers also declined and companies have said they expect prices to continue declining. https://www.upi.com/Health_News/2017/... http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com


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