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Wednesday, August 16, 2017

Generic Drug Prices Are Declining, But Many Consumers Aren’t Benefiting

Reprinted with permission from ProPublica.

 

Not all drug prices are going up.

Amid the public fury over the escalating costs of brand-name medications, the prices of generic drugs have been falling, raising fears about the profitability of major generic manufacturers. Last week, Teva Pharmaceuticals reported that it had missed analysts’ earnings estimates in the second quarter and planned to lay off 7,000 workers. Its share price plummeted 24 percent in one day as investors worried there was no end in sight.

Share prices of other generic drugmakers also declined, as did those of wholesalers, which profit from the sales of generic drugs and have said they expect prices to continue declining.…

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In New York City, World’s Marijuana Arrest Capital, Minorities Bear The Brunt

Reprinted with permission from AlterNet.

Last month, the Drug Policy Alliance released a report noting that marijuana arrests under New York City Mayor Bill de Blasio continue to be marked by shocking racial disparities, much as they were under his predecessors, Rudy Giuliani and Michael Bloomberg. Stung by the criticism, de Blasio is fighting back, but his response so far has consisted of attacking DPA as “legalizers” and comparing apples to oranges.

The DPA report, Unjust and Unconstitutional: 60,000 Jim Crow Marijuana Arrests in Mayor de Blasio’s New York,noted that while pot possession arrests are down under de Blasio from the numbers achieved under Giuliani (more than 40,000 arrests in 2001) or Bloomberg (more than 50,000 arrests in 2011), NYPD still arrested more than 18,000 people for pot possession last year, and a whopping 86% of them were black or brown, maintaining the racial disparities so apparent in earlier administrations.…

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