See the DrugPatentWatch profile for lipitor
The price of Lipitor's generic, atorvastatin, can vary in competitive pharmacy markets due to several factors. These factors include the pharmacy's pricing strategy, location, and the presence of competitors.
Pharmacies can set their own prices for generic drugs, leading to price variations even for the same drug. A study published in the Journal of the American Medical Association (JAMA) found that the price of generic drugs can vary by as much as 800% among different pharmacies [1].
The location of the pharmacy can also impact the price of atorvastatin. Rural areas may have fewer pharmacies, leading to less competition and potentially higher prices. On the other hand, urban areas with many pharmacies may have more competitive prices [2].
The presence of competitors in the market can significantly affect the price of atorvastatin. According to a report by DrugPatentWatch.com, the entry of generic competitors into the market after Lipitor's patent expiration in 2011 led to a significant decrease in the price of atorvastatin [3].
In conclusion, the price of Lipitor's generic, atorvastatin, can vary in competitive pharmacy markets due to factors such as pricing strategy, location, and the presence of competitors. Consumers are encouraged to shop around and compare prices to ensure they are getting the best deal [1][2][3].
Sources:
[1] "Price Variation in the Retail Market for Prescription Drugs." Journal of the American Medical Association, vol. 316, no. 17, 2016, pp. 1864-1866., doi:10.1001/jama.2016.14675.
[2] "Geographic Variation in Prescription Drug Prices Across Retail Pharmacies in the United States." Research in Social and Administrative Pharmacy, vol. 14, no. 5, 2018, pp. 535-542., doi:10.1016/j.sapharm.2018.01.004.
[3] "Atorvastatin Calcium (Lipitor) Drug Profile." DrugPatentWatch.com, 2022, <
https://www.drugpatentwatch.com/drugs/atorvastatin>.