---
title: "Meaning & Key Takeaway of: The higher cost of getting a generic drug…"
description: "\"The higher cost of getting a generic drug approved by regulators means that many old medicines don't face competitors. It's only after substantial pric..."
image: "https://sms4smile.com/quotes/i/967/scott-gottlieb-6147_competition_the-higher-cost-of-getting-a-generic-dru_2013309.jpg"
---

#  The higher cost of getting a generic drug approved by…

![“The higher cost of getting a generic drug approved by regulators means that many old medicines don't face competitors. It's only after substantial price hikes that these drugs offer enough revenue to offset the rising generic entry costs, and start to entice competition.” quote by Scott Gottlieb](https://sms4smile.com/quotes/i/967/scott-gottlieb-6147_competition_the-higher-cost-of-getting-a-generic-dru_2013309.jpg)   [Download](https://sms4smile.com/quotes/i/967/scott-gottlieb-6147_competition_the-higher-cost-of-getting-a-generic-dru_2013309.jpg) [Open image](https://sms4smile.com/quotes/i/967/scott-gottlieb-6147_competition_the-higher-cost-of-getting-a-generic-dru_2013309.jpg)

> “The higher cost of getting a generic drug approved by regulators means that many old medicines don't face competitors. It's only after substantial price hikes that these drugs offer enough revenue to offset the rising generic entry costs, and start to entice competition.”

[Scott Gottlieb](https://sms4smile.com/quotes/author/scott-gottlieb/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

High regulatory costs keep old drugs from competition, allowing price hikes before generics become viable, limiting market entry.

**In simple terms:** Regulation makes drug competition expensive, so prices stay high.

Key Takeaway

Recognize the impact of regulation on drug pricing.

Themes

pharmacy economics regulation competition pricing innovation

Mood

concerned analytical

Type

policy economic industry.

When to use this quote

- Health policy makers
- pharma executives
- patient advocacy groups
- investors
- regulators

Key Concepts

Market entry barriers price elasticity public health policy

Questions to Reflect On

- How can policy balance safety with competition?
- What incentives could lower entry costs for generics?

A Different Perspective

Regulatory costs may also protect safety and incentivize R&D.

★ ★ ★ ★ ★   No ratings yet

[Competition](https://sms4smile.com/quotes/about/competition/) [Drug](https://sms4smile.com/quotes/about/drug/)

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