Current:Home > InvestTradeEdge Exchange:Hundreds of drugs are in short supply around the U.S., pharmacists warn -Summit Capital Strategies
TradeEdge Exchange:Hundreds of drugs are in short supply around the U.S., pharmacists warn
Benjamin Ashford View
Date:2025-04-06 12:47:49
A growing number of drugs are in short supply around the U.S., according to pharmacists.
In the first three months of the year, there were 323 active medication shortages, surpassing the previous high of 320 shortages in 2014, according to a survey by the American Society of Health-System Pharmacists (ASHP) and Utah Drug Information Service. It also amounts to the most shortages since the trade group started keeping track in 2001.
"All drug classes are vulnerable to shortages. Some of the most worrying shortages involve generic sterile injectable medications, including cancer chemotherapy drugs and emergency medications stored in hospital crash carts and procedural areas," ASHP said in a statement.
"Most of the drugs in short supply are generic, older products, and about half are injectable drugs that are hard to make," Erin Fox, associate chief pharmacy officer, University of Utah Health, told CBS MoneyWatch. "Because the FDA says all generics are equal, the only way to compete is on price," creating a race to the bottom that results in companies either halting production of the drugs or taking cost-saving shortcuts in quality, Fox said.
Adderall, which is used to treat attention deficit hyperactivity disorder, is among the medications that are hardest to track down. The Drug Enforcement Administration said last fall that more than a dozen manufacturers planned to hike production of the drug, which has been in short supply since October 2022, but the problem persists, the pharmacist group found.
"Ongoing national shortages of therapies for Attention-Deficit/Hyperactivity Disorder (ADHD) also remains an issue for clinicians and patients," they said.
Contributing to the Adderall shortage include a spike in prescriptions during the pandemic, a key manufacturer experiencing production delays and other companies falling short on production targets.
Most drug manufacturers did not disclose the factors behind the shortages, the group noted in its quarterly findings. But experts have pointed to demand outstripping supplies, manufacturing constraints and disruptions in supply lines for raw materials.
As things currently stand, medicine labels are only required to name the company selling the product, not the product's manufacturer — a lack of transparency Fox said the White House has joined the ASHP in advocating against.
Because manufacturers make so little on low-cost generic drugs, when there is a shortage, it's only a problem for patients. The "companies are not facing any sort of hardship," Fox added.
Meanwhile, insurance companies, as a matter of course, oftentimes only cover generic medications, putting a financial burden on patients unable to find a pharmacy that can fill the less-expensive version of a drug. "One recommendation is to call your insurance company, and ask for coverage for brand names," Fox advised.
- In:
- Adderall
Kate Gibson is a reporter for CBS MoneyWatch in New York.
veryGood! (23)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Ohio city orders apartment building evacuation after deadly blast at neighboring site
- Rising costs for youth sports represents a challenge for families in keeping children active
- Michigan manufacturing worker killed after machinery falls on him at plant
- Meet first time Grammy nominee Charley Crockett
- Far-right parties gain seats in European Parliament elections
- Grandparents, parents among 5 arrested in 8-month-old baby's mysterious disappearance
- Gabby Petito Pleads With Brian Laundrie in Gut-Wrenching Letter Released by FBI
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Caitlin Clark is not an alternate on US Olympic basketball team, but there's a reason
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Researchers find higher levels of dangerous chemical than expected in southeast Louisiana
- Kristin Cavallari Says She Was Very Thin Due to Unhappy Marriage With Jay Cutler
- Monday is the last day to sign up for $2 million Panera settlement: See if you qualify
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Nevada Republicans prepare to choose a candidate to face Jacky Rosen in critical Senate race
- Four people shot at downtown Atlanta food court, mayor says
- What the new ‘buy now, pay later’ rule means for small businesses offering the service
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Heat stress can turn deadly even sooner than experts thought. Are new warnings needed?
Dozens arrested in new pro-Palestinian protests at University of California, Los Angeles
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Moleskin
2025 'Doomsday Clock': This is how close we are to self
WNBA stars Skylar Diggins-Smith, Dearica Hamby share rare motherhood feat in league
Sen. John Fetterman and wife Gisele involved in two-vehicle crash in Maryland
Powerball numbers for June 10: $222 million jackpot won from single ticket in New Jersey