I can understand your distaste. The generics industry is cut throat we spend hundreds of millions fending off lawsuits from them every year as they challenge patents, so they can cash in on products we have taken all the risks on. I am 'ethically challenged' sometimes in my job, but I am such a well practiced and unconscious hypocrite I can get away with it with just the odd explosion to a very understanding boss ( included in his job description is calming me down before I get to the CEO). But I'd struggle in the generics industry (lots of price fixing there too). By coincidence we were 'scenario planning' for a product we have a few weeks ago, and Teva will also be launching something in that area - branded not generic, a first for them I think - and our conclusion was we would do anything legal to **** them up, in view of the grief they cause us.To give you an insight on the generic market in which I worked in R&D for 15 years. The production methods for most licenced products are started secretly worldwide by the generic companies. The packaging, the contracts the logistics are all prepared well in advance so when a licensed product goes generic it is in effect ready for market and this sector is cut throat
a drug on patent that can be copied already is and in most cases it is actually improved
I have seen personally the amount of bribery that takes place to GPs and the NHS prior to a generic launch
I worked for Teva pharma for years before I quit on ethical reasons as so much was often throw away
I later went on to design the patient packs I see on any visit to a pharmacy in the Teva brand
The mark up on generics used to be criminal IMO and most good licenced products had just 7 years to recover their R&D. During my time I was involved in improving the production and stability of existing solid dose products to flood and control the markets. Manufacturing plants were moved off shore and English jobs lost forever. I had never really recovered from those days of shame
Today I honestly can understand how illness means profit
Of course it could be easily fixed by extending patent life, which would allow us to have lower prices as we have a longer period to make our investment back and start making some profit. But you can't take my word for it, I'm biased.