PRESIDENT’S UPDATE MARCH 2021
OGD HAS IMPRESSIVE 2020
We have had a lot of positive response to the new feature on our website, the American flag next to those products Made in America. Beginning this month, we have also added that to our monthly specials in The Generic Drug Journal. Even with the majority of the generics now being approved coming from abroad, and although it’s not easy, we are sourcing as many items as we can that are Made in America.
The Office of Generic Drugs (OGD) of the FDA has recently released their annual report highlighting some of the current information on the status of generics.
According to OGD, 9 out of 10 prescriptions filled in the U.S. are now being filled with generics. Generics have saved the health care system over $2.2 trillion in the past decade. Last year OGD approved or tentatively approved 948 ANDA’s including 72 first time generics. Some of the biggest approvals in 2020 were for generic versions of Daraprim, Pradaxa, Proventil HFA, Tecfidera and Glucogon.
While the OGD was able to achieve a rather impressive rate of generic approvals in 2020, many of these were being done without the customary pre-approval inspections. Many times before the final approval is granted an inspection takes place to verify what was in the submitted documentation. Because of COVID, the FDA has not performed these inspections for companies located in India, China, and other countries abroad. Hopefully this won’t be an issue when inspections resume overseas.
Mylan Lab, now known as Viatris, recently announced that as part of their restructuring plans, that they will be closing their original manufacturing site in Morgantown, WV along with up to 15 other facilities. As part of this plan they are also looking at thinning out their product line and exiting some of the less profitable products.
Remember to check out our weekly short-date and closeout auctions at GenericBid.com Your AuburnGenerics.com username and password will get you started. It’s a great way to save a lot of money on some products that you probably use a lot of. Try it out, it’s Fun & Easy!