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We had even asked the second lowest bidder to undertake the project at the lowest bidder amount, even though they had quoted Rs98 crore. However, they also refused to. Hence, we decided to float another tender,” Meena added.. Fiedler said: “One thing to know, however, is that while generics are about 90 percent of prescriptions, they are only ballpark one quarter of total spending since prices for generics are so much lower than prices for branded drugs.” He also questioned how much the FDA approval process for generics has contributed to the falling CPI: “Growth in the prescription drug CPI tends to be volatile and can change for many reasons unrelated to policy. Moreover, the main policy change the administration has highlighted in this context is steps it has taken to make it easier for generic drugs to come to market. I have not seen persuasive evidence on how those changes affected drug prices, and I am doubtful that any effects on prices would be large enough to explain much of recent trends.”.
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