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Sun Sep 6, 2020, 12:11 PM

California may be the first state to develop its own generic drugs

Los Angeles Times

SACRAMENTO — California is poised to become the first state to develop its own line of generic drugs, targeting soaring drug prices and stepping into a fiercely competitive drug market dominated by deep-pocketed pharmaceutical companies.

The Democratic-controlled Legislature overwhelmingly approved a measure Monday that would direct the state’s top health agency to partner with one or more drug companies by January to make or distribute a broad range of generic or biosimilar drugs — including the diabetes medicine insulin — that are cheaper than brand-name products.

The bill, SB-852, also opens the door for California to make its own generic drugs in the future.

SNIP

Under the measure, state-developed generics would be “widely” available to public and private purchasers within California. Taxpayers would pick up the costs — roughly $1 million to $2 million in startup funding, plus ongoing staff costs estimated in the low hundreds of thousands of dollars annually, according to a state fiscal analysis.

https://www.latimes.com/california/story/2020-09-01/california-may-dive-into-generic-drug-market

According to the link, the bill does indeed call for the production of “at least one form of insulin ..."

This is awesome news. Now, how about single-payer health insurance?

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Reply California may be the first state to develop its own generic drugs (Original post)
Auggie Sep 6 OP
dhill926 Sep 6 #1
abqtommy Sep 6 #2

Response to Auggie (Original post)

Sun Sep 6, 2020, 12:27 PM

1. yay us....

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Response to Auggie (Original post)

Sun Sep 6, 2020, 01:38 PM

2. Just for fun here's a quote from the Markets Insider website:

"If California were its own nation, it would be the fifth largest economy in the world."

link: https://markets.businessinsider.com/news/stocks/california-economy-16-mind-blowing-facts-2019-4-1028142608?op=1

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