Impact of generic entry to off-patent branded medicines in Japanese pharmaceutical market

Daigo Fukumoto, Takeshi Suzuki

研究成果: Article査読

3 被引用数 (Scopus)

抄録

The Japanese pharmaceutical market is known for having a relatively low market penetration of generic medicines. However, the velocity of generic penetration varies among medicines. Looking at current sales and share of off-patent branded medicines and generic medicines in Japanese pharmaceutical market, our main aim is to identify the factors associated with sales reductions of off-patent medicines and price competition caused by generic entry in the Japanese pharmaceutical market. We showed as one result that an increase in the number of generic maker entries significantly increases both price competition and sales reductions of off-patent branded medicines. As a second factor of note, we found that being subject to "NHI Drug Price Premium for Promoting the Creation of New Drugs and the Elimination of Off-label Use" before generic entry is related to maintaining sales of off-patent branded medicines after generic entry. The importance of generic medicines is increasing in association with the hypertrophy of health care expenditures in Japan. Efficient polices and corporate strategies reflecting market principles are strongly needed. Detailed results of this study on what determines whether sales and prices of off-patent medicines significantly decrease after generic entry in the Japanese pharmaceutical market should be useful for this purpose.

本文言語English
ページ(範囲)114-122
ページ数9
ジャーナルJournal of Generic Medicines
13
3
DOI
出版ステータスPublished - 2017 9月 1

ASJC Scopus subject areas

  • 薬科学

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