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Generic medications are almost always cheaper than their brand-name counterparts, which is why many patients hoping to cut costs actively look for generic versions of the medicine they need.
Generic medications are also therapeutically equivalent to brand-name medications. According to the FDA, generic and brand-name drugs must have the same strength and efficacy. Other countries have similar standards for manufacturing generic drugs. The only things that are different are price and filler materials.
Unfortunately, Xarelto has not yet been taken off-patent. This means we do not yet have a generic version of Xarelto. Why? Well, let’s learn a little more about the drug patenting system.
What is a drug patent?
When a new product is made, the creator can apply for a patent. This protects the creator by giving them the exclusive right to call it their own.
"A patent is an exclusive right granted for an invention. In other words, a patent is an exclusive right to a product or a process that generally provides a new way of doing something, or offers a new technical solution to a problem."
So, a patent gives you credit for a scientific discovery like a new drug. It also grants you exclusivity to sell that drug for a short period of time.
"A patented drug is protected against generic competition for a specified number of years, which lets the company that developed it earn high profits that help compensate for the high research and development costs to bring the drug to market, but can also make the drug unaffordable for low-income patients."
Having multiple companies manufacture generic versions of a drug increases competition in the market, thereby lowering prices. Because Xarelto’s patent has not yet expired, it remains relatively high-cost compared to generic drugs.
When does Xarelto’s patent expire?
A generic Xarelto, is not yet available, but a generic version may become available once the patent expires in the next few years. According to the FDA’s Orange Book, the earliest patent expiration date for Xarelto is in late 2020, so that will be the earliest we can expect for a generic version to be developed. A news story in Bloomberg, however, suggests that a generic may not be available until August 2024 due to a court ruling.
When does Xarelto’s patent expire in Canada?
Sometimes, generics may be available in some countries and not others. So if you can’t find a generic version of your drug at your local pharmacy, check online at Canada Pharmacy Depot!
Where can I find the cheapest Xarelto?
According to the American price-comparing website GoodRx, a 10 mg tablet of Xarelto goes for almost $16, and that’s with GoodRx’s coupon program.
On the other hand, the price of one 10 mg Xarelto tablet at Canada Pharmacy Depot is nearly one-fifth of that cost and is available to be shipped to the United States.
Found a better price? We can meet or even beat it! Just contact Canada Pharmacy Depot today to learn more.
DISCLAIMER: The content in this article is intended for informational purposes only. This website does not provide medical advice. In all circumstances, you should always seek the advice of your physician and/or other qualified health professionals(s) for drug, medical condition, or treatment advice. The content provided on this website is not a substitute for professional medical advice, diagnosis or treatment.