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Counter Maneuvers

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This includes OTC (over the counter), BTC (behind the counter) and prescription-only drugs. ... a minor, they still would require a prescription from a doctor. ... – PowerPoint PPT presentation

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Title: Counter Maneuvers


1
Counter Maneuvers
  • Sep 7th 2006 NEW YORKFrom The Economist Print
    Edition
  • Presented By Sidharath Sakhuja

2
Europe
  • Most of Europe has absolute control over the
    dispensing of drugs. The dispensing rights are
    given strictly to pharmacies. This includes OTC
    (over the counter), BTC (behind the counter) and
    prescription-only drugs.
  • In the Netherlands and other Anglo-Saxon
    countries, new policies are leaning towards a
    liberal front that would allow pharmacists to
    dispense a greater variety of drugs. Even in
    supermarkets and other general stores.
  • Druggist have long fought against giving the
    rights to pharmacist to dispense drugs, not being
    restricted to OTCs.
  • America?

3
America
  • In the United States, lobbyist for the
    pharmaceutical companies have tried long and hard
    to make sure that pharmacists dont get this type
    of control. For they fear a loss in sales.
  • The Food and Drug Administration has done a great
    job to make sure that there are no BTC drugs
    available.
  • Then recently, from an unexpected certain group,
    came a helping hand. The FDA made a choice.
  • Finally after years of oppression, the
    pharmacists get a sliver of control. They are
    allowed to dispense Plan-B without a
    prescription. Plan B, a morning after
    contraceptive hitherto sold only as a
    prescription drug in America.

4
Plan-B
  • Plan B, a morning after contraceptive hitherto,
    is sold only as a prescription drug in America.
  • Rather than allowing it to be dispensed freely,
    the FDA forced a voluntary accord on Barr
    Laboratories, the drug's maker, for it to be sold
    from behind the pharmacist's counter.
  • After an i.d. check, if the buyer is over 18, the
    pharmacist can pull this drug out from behind the
    counter, and dispense it. If the buyer is a
    minor, they still would require a prescription
    from a doctor.
  • The arrival of Plan B may usher in the emergence
    of a class of pharmaceuticals unknown in America
    behind-the-counter (BTC) drugs.

5
Worldly Medicine Sales
  • This chart illustrates the percentage sales of
    medicine that can be purchased over the counter.
  • The sales are divided into two categories
    pharmacies, and non-pharmacy retailers.
  • With the introduction of BTCs, pharmaceutical
    companies fear that sales of medicine will
    decline due to people being shy to consult a
    pharmacist.

6
Potential Sales Over Here
  • In Britain, OTC sales rose by 20 , when
    consumers were allowed to purchase medicine
    without the pharmacists surveillance.
  • This shyness issue seems to be a X factor that
    is varies from person to person. The sales of
    certain medicines would potentially rise if
    another such factor was introduced. Such as
    convenience. The ability to get the medicine
    without having to got to the doctor, is
    priceless. Wait two hours, for Plan-B? That
    is if you get an appointment that week! I say go
    for it, let people be in charge for once.
  • This will affect the insurance industry greatly
    as well. It is not defined in the article,
    whether or not the BTC products are covered under
    insurance. Most likely, like OTC products, they
    are not.

7
Money
  • With the emergence of medicine that does not need
    doctor approval to ingest, more people will be
    likely to stay off of insurance plans.
  • This could potentially be a direct decline in
    demand for insurance. Take into account that a
    good portion of people will still be on insurance
    in case of severe injury or need of medical
    attention.
  • Good old fashioned paranoia, or some call it
    being prepared.
  • Insurance companies are already pushing to wean
    people off of prescription drugs that have
    equivalents that are sold over the counter. This
    would just give them an excuse to provide less
    coverage and increase out of pocket spending for
    individuals.
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