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Wal-Mart to sell cheaper generic drugs

Posted : Thu, 27 Sep 2007 19:29:05 GMT
By : Business News Editor
Category : Finance (General)
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NEW YORK, Sept. 27 Wal-Mart, the largest U.S. retailer, says it will expand its program of selling prescription generic drugs for far less than retail prices.

New generics usually are priced at only a small discount compared to the original branded drug. But, Wal-Mart says it will sell a $4 new generic version of Coreg, a blood pressure drug that usually sells for $119.

The Financial Times says the retail giant plans a new generic version of the heavily marketed anti-fungal Lamisil for $4. A month's supply of the branded drug currently costs over $330.

Plans also are said to call for a monthly supply of prescription Ortho Cyclen and Ortho Tri Cyclen birth control drugs for $9, compared to current prices of $24 to $30.

Copyright 2007 by UPI

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