Helped by Generics, Inflation of Drug Costs Slows
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Annual inflation in drug costs is at the lowest rate in three decades as generic versions of some of the most common drugs have recently come on the market.
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TAMPA, Fla  - Wal-Mart Stores Inc., the world's   largest retailer, said on Thursday it would cut the prices of   nearly 300 generic drugs to $4 per prescription starting in the   retirement haven of Tampa, Florida.
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Wal-Mart Stores Inc. , the  world's largest retailer, said on Thursday it would cut the  prices of nearly 300 generic drugs to $4 per prescription  starting in the retirement haven of Tampa, Florida.
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Importing drugs from Canada and other nations where prices are lower wouldn&#39;t generate enough savings for US consumers to justify the risks, regulatory costs or harm to the drug industry, a federal task force found.
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The first generic version of Lexapro, one of the most widely prescribed antidepressants, with more than $2 billion in sales last year, received federal approval Monday.
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Investors are wary of putting money  into beaten-down generic-drug stocks amid continued fears of  price competition in the sector and new obstacles from  brand-name drug makers.
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Wal-Mart is adding $4 generic drugs to its health insurance plans and offering lower premiums and deductibles, the third consecutive year of changes to the employee health benefits that unions have criticized.
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CHICAGO/NEW YORK  - When it comes to the price tag  for the newest biotechology drugs for cancer and other  hard-to-treat diseases, the sky is likely to remain the limit,  insurers, drugmakers and industry watchers say.
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Alpharma Inc. (ALO.N: Quote, Profile, Research) on Friday began selling a cheaper generic version of Pfizer Inc.&#39;s (PFE.N: Quote, Profile, Research) $3 billion a
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The audacious takeover bid could lead to lower drug prices for consumers.
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Wal-Mart, the world's largest retailer, plans to slash the prices of almost 300 generic prescription drugs, offering a big lure for bargain-seeking customers and presenting a challenge to competing pharmacy chains and makers of generic drugs.
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Drug makers such as Pfizer Inc. , the world's biggest, slowed average price increases on US prescription medicines in the six months ended Sept. 30 as a Medicare discount-card program went into effect, the senior-advocacy group AARP said.
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Faced with weak development pipelines that are putting a drag on stock prices, drug manufacturers are retooling the decades-old system of clinical trials to make it faster and cheaper.
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By Thomas Ginsberg, The Philadelphia Inquirer  Jan. 31--Here is something you may not hear every day: The drug giant Wyeth said yesterday that it was "surprised" to hear that it is about to face generic competition on its $216 million heart drug Inderal LA.
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Wal-Mart Stores Inc., said on Thursday   it would cut the price of nearly 300 generic drugs to $4 per   prescription starting in the retirement haven of Tampa,   Florida.
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TAMPA, Fla  - Wal-Mart Stores Inc., said on   Thursday it would cut the prices of nearly 300 generic drugs to   $4 per prescription starting in the retirement haven of Tampa,   Florida.
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WASHINGTON -- Some influential members of Congress are renewing their pledge to help speed generic versions of the world's most expensive drugs to market.