News
Sustainability in Pharma: Green Practices in Generic Drug Production
The pharmaceutical sector provides access to essential medications worldwide but struggles with a significant environmental footprint. Globally, the industry produces 55% more than the automotive industry. Here are a few ways generic drug producers can address these issues and mitigate the industry’s ecological footprint.
New and currently trending generics
Access to affordable, high-quality medications is critical. Westminster Pharmaceuticals continues to expand its portfolio with new products to meet evolving healthcare needs while protecting the availability of important high-demand medications. Learn more about the latest addition to the Westminster Pharmaceuticals collection of generic medications as well as two products currently trending today.
Next Westminster Pharmaceuticals Scholarship Awarded to USF Health Master’s Student
Westminster Pharmaceuticals is thrilled to announce that Md Sakil Amin, a Pharmaceutical Nanotechnology graduate student at the University of South Florida, is the next recipient of the Westminster Pharmaceuticals Scholarship.
Behind the Scenes: Generic Pharmaceuticals and Quality Assurance
Learn more about the key tenets of quality assurance in generic drug manufacturing and how Westminster Pharmaceuticals maintains superior quality assurance in all we do.
The Role of Generic Pharmaceuticals in Expanding Access to Essential Medications
In an era where healthcare disparities persist, the role of generic pharmaceuticals has become increasingly pivotal in expanding access to essential medications.
USF Health Student Becomes First Recipient of the Westminster Pharmaceuticals Scholarship
The USF Health Taneja College of Pharmacy has announced that the first recipient of the Westminster Pharmaceuticals Scholarship for the spring 2023 semester is graduate student Yevgeny Habibe. The scholarship, created and sponsored by Westminster Pharmaceuticals, was designed to help one student pursue a college education in pharmacy, representing the best of the future of pharmaceuticals.
Empowering Your Pharmacy's Growth with a Diverse Portfolio of Generic Drugs
The heart of every thriving pharmacy lies in its ability to meet the diverse needs of its patients. Because nine out of ten prescriptions dispensed in the US are for generic drugs, this ability is largely driven by a healthy inventory of in-demand generics. In this dynamic healthcare landscape, where patient care and business growth go hand in hand, the key to your pharmacy's success is a well-curated and diverse portfolio of generic drugs. Here’s how embracing generic drugs can propel your pharmacy toward unparalleled growth and patient satisfaction.
The Future of Generic Pharmaceuticals: Innovations and Trends
Generic pharmaceuticals have revolutionized the healthcare industry since their entry into the market over five decades ago. They expanded patient access to medications by providing more affordable alternatives to costly brand-name drugs, therefore lowering healthcare costs for consumers and improving public health. Today, 9 out of 10 prescriptions filled are generics, though they only make up 18.2% of the country’s drug spend due to their low costs, which tend to be 80-85% cheaper than branded drugs. The global generic pharmaceutical industry is growing significantly and is expected to reach over $682.9 billion by 2030. So, what’s in store for the future of generic pharmaceuticals? Here’s what we can expect to see from the generic drugs market in the coming years.
Westminster Pharmaceuticals Featured Prescription Products
Westminster Pharmaceuticals is always researching new pharmaceuticals to add to our extensive product catalog, taking note of medications in high-demand categories. Learn a little about four of our newest prescription medicines and two of our top-performing products below.
Contact your sales representative if you are a WPRX partner that would like to place an order or are interested in becoming a partner.
Understanding the Generic Drug Approvals Process
Getting generic drugs approved and on the market is a complex process that can be lengthy, but the thoroughness of the review process ensures only high-quality, safe, and effective medications are available to patients and consumers.
While branded drugs prove their effectiveness to the FDA via their research, development and clinical trials, generic drugs demonstrate their effectiveness with data that shows the drug can be an appropriate substitute for the branded product.
How Pharmacists Can Talk to Patients About Generics vs. Brand-Name Drugs
Pharmacists are experts on drug information and some of the most accessible healthcare professionals with whom patients don’t need an appointment to consult. Because of this, pharmacists play an important role in patient education and drug product selection. They are in a unique position to communicate at the point of care and share the differences between generic and brand-name drugs as well as the benefits of using a generic alternative.
5 Generic Drug Myths
Despite the increasing prevalence of generic drugs in controlling healthcare costs and becoming widely accepted as an equal treatment option, myths continue to persist about generic drugs. The truth is this: Generic drugs are safe, effective, high-quality, and cost-effective. They’re the most common type of medication taken, making up 90% of dispensed prescriptions. Doctors, pharmacists, and patients worldwide rely on generic drugs to feel better, prevent illness, mitigate severe symptoms, and keep people healthy. Below, we’re dispelling five of the most common generic drug myths to set the record straight.
Doing Our Part as Drug Affordability Concerns Continue to Rise
The pharmaceutical industry is facing pressure against rapidly rising drug costs, and many customers are seeing these costs passed on to them. Drug prices are rising for several reasons, such as supply chain constraints and higher manufacturing costs.
WPRX’s Top-Performing Products of 2022
Westminster Pharmaceuticals prides itself on offering an expansive portfolio of highly effective and safe generic drugs. Certain products see consistently high order numbers, signaling the importance of keeping these medications in stock so patients can access the medicines they need when they need them. Learn more about our lineup of top-performing generics of 2022 that are essential to keep in stock in 2023 and beyond.
The Advantages of a Smaller, Personalized Supplier of Generic Pharmaceuticals
As a pharmaceutical distributor, wholesaler, or pharmacy, you have many options when selecting a supplier. There’s a commonly accepted sentiment that working with a larger vendor is a smarter, safer, choice, but that sentiment fails to recognize many of the realities of working with a larger vendor vs. a smaller, more personalized supplier.
Helpful Medications for Cold and Cough Season
While there is, unfortunately, no cure for the common cold or flu, medications can ease symptoms while it runs its course. To counter unpleasant symptoms like cough, congestion, and runny nose, many turn to these medications for relief.
Navigating the many options can feel overwhelming, especially when you’re not feeling your best. To gain an idea of what to look for in your local pharmacy, here are generic liquid and tablet medications that may be able to abate unwanted symptoms and help you feel better this cold and cough season.
When Inflation Impacts Drug Costs: The Westminster Pharmaceuticals Approach
Inflation is impacting every corner of American life, and no industry is impervious to it – including the pharmaceutical industry. As a result, pharmaceutical companies are facing pressure from consumers and regulators alike to drive down drug pricing to ensure medications are available and accessible to those who need it.
With our consumers as our top priority, Westminster Pharmaceuticals is taking steps to help assure affordable drug pricing and combat the forces driving prices. By ramping up the production of low-cost generics, absorbing profit margin loss, and offering our partners the most competitive rates possible, we hope to pass on savings to consumers so everyone can afford the drugs they need.
Westminster Launches Online Searchable Product Catalog
Reviewing Westminster Pharmaceuticals products has gotten easier with the launch of our new searchable product catalog online. As we are constantly adding products to our portfolio, the new, user-friendly catalog is the best way to keep up with Westminster product launches and ensure inventory.
Westminster Pharmaceuticals Announces USF Pharmacy Scholarship
Tampa, FL –– Westminster Pharmaceuticals recently announced the establishment of the Westminster Pharmaceuticals Scholarship in the USF Taneja College of Pharmacy, a new financial aid opportunity to equip pharmacy students with the resources necessary to turn their education into a rewarding, successful career.
Westminster Pharmaceuticals’ CEO Louis Sanchez Nominated for EY Entrepreneur of the Year 2022
Westminster Pharmaceuticals’ CEO Louis Sanchez was recently nominated for the EY Entrepreneur of the Year 2022 Awards, a prestigious global business awards program that celebrates ambitious entrepreneurs building a more sustainable, equitable, and prosperous world.
The EY Entrepreneur of the Year program, founded and produced by Ernst & Young Global Limited and presented by PNC, welcomes nominations from around the world and bestows this esteemed recognition upon around 400 visionary business leaders of high-growth companies annually.