Comparing Retail Market Prices with the English Drug Tariff.
Wavedata have been collecting the prices offered to or paid by pharmacies since 2000, so we thought we’d do a comparison between the generic prices we collected in August 2022 and the English Drug Tariff.
We found that of the 3,936 products in the drug tariff, 307 had average pharmacy prices above the tariff, 2,334 had average market prices which were the same as the tariff which meant these were ZD (zero discount) products where the pharmacy broke-even and 1,295 had market prices below the tariff where pharmacies were able to make a profit.
This means that pharmacies would lose money on the 307 products unless a concession was in place (61 product price concessions were published on the 15th and 19th August), they would break even on the 2,334 and make a profit on the remaining 1,295.
The product with the greatest potential loss was Aripiprazole Tabs 10mg 28 which had an average market price of £20.81, an English drug tariff of £1.00 and a potential loss of £19.81 unless a concession is granted before the end of the month.
Users of Wavedata Live can run this data themselves using the analysis / open reports (option 3) to show the market prices for the drug tariff categories, combining these in a spreadsheet and then adding the drug tariff (option 6).
The most profitable products for pharmacies were Olanzapine Orodispersible Tabs 10mg 28 and 20mg 28 where the market price was just 7% of the drug tariff. This meant that for the 20mg 28 the market price was £5.43 and the tariff £79.98 and for the 10mg 28 the market price was £3.74 and the tariff £49.98.
The 20 top loss making products are:
|Aripiprazole Tabs 10mg 28|
|Alendronate Tabs 70mg 4|
|Temazepam Tabs 20mg 28|
|Temazepam Tabs 10mg 28|
|Aripiprazole Tabs 5mg 28|
|Aripiprazole Tabs 15mg 28|
|Ondansetron Tabs 4mg 10|
|Nebivolol Tabs 2.5mg 28|
|Trospium Chloride Tabs 20mg 60|
|Promethazine Hydrochloride Tabs 25mg 56|
|Dosulepin Caps 25mg 28|
|Telmisartan Tabs 20mg 28|
|Ethinylestradiol + Levonorgestrel Tabs 30mcg/150mcg 63|
|Acetazolamide Tabs 250mg 112|
|Venlafaxine Tabs 75mg 56|
|Citalopram Tabs 20mg 28|
|Rabeprazole GR Tabs 20mg 28|
|Chlorpromazine Tabs 25mg 28|
|Risedronate Sodium Tabs 35mg 4|
|Glyceryl Trinitrate Tabs 500mcg 100|
and the 20 most profitable products are:
|Olanzapine Orodispersible Tabs S/F 5mg 28|
|Aspirin Tabs 300mg 32|
|Ethosuximide Caps 250mg 56|
|Pramipexole MR Tabs 260mcg 30|
|Phenobarbital Tabs 15mg 28|
|Phenobarbital Tabs 60mg 28|
|Furosemide Tabs 500mg 28|
|Olanzapine Orodispersible Tabs 15mg 28|
|Pramipexole MR Tabs 520mcg 30|
|Pramipexole MR Tabs 1.57mg 30|
|Dicycloverine Tabs 20mg 84|
|Pramipexole MR Tabs 2.62mg 30|
|Pramipexole MR Tabs 1.05mg 30|
|Pramipexole MR Tabs 3.15mg 30|
|Aripiprazole Oral Solution 1mg/ml 150ml|
|Risperidone Tabs 6mg 28|
|Pramipexole MR Tabs 2.1mg 30|
|Olanzapine Orodispersible Tabs 5mg 28|
|Olanzapine Orodispersible Tabs 10mg 28|
|Olanzapine Orodispersible Tabs 20mg 28|