The fact that ivermectin is generic does not mean that it would not be “indicated” for COVID-19 if it was indeed effective. Dexamethasone is generic and dirt cheap, yet is a standard of treatment in severe cases. Drugs are used off-label all the time and it’s approval status, so long as it’s FDA approved to begin with, is irrelevant.
It’s true that pharmaceutical companies have an incentive to come out with shiny new expensive treatments. But there are also incentives among hospitals as well as governments who fund any amount of public healthcare to find effective treatments at the lowest cost. Most reimbursement these days is capitation rather than fee-for-service, meaning the hospital gets paid a X amount of money to treat Y condition rather than paying an itemized invoice for each service provided.
I’m throwing out costs and oversimplifying for the sake of example here: let’s say an insurer pays $30,000 for 2 weeks of inpatient psych treatment to treat a patient’s bipolar mania. The hospital could spend $3000 on meds using the newest brand name drugs or $50 using generics that have been around for decades. Why throw away $3000 when you could get the same outcome for $50 and keep the extra $2950?
If healthcare can get the same outcome for less, they will take that opportunity- and seek out ways to do so. Sometimes it’s almost hard to laugh when drug reps come in trying to sell some new $2000/month drug that really has no meaningful benefit over an older drug that costs $2/month. Or some new combination of two existing drugs that cost $300/month while the two drugs independently cost $15 each. Or levothyroxine (normally $5/month, $40 for brand name Synthroid) that costs $250 because it comes in a capsule instead of a tablet. The best might have been this a $7,000 naloxone (Narcan) auto-injector called Evzio. Alternatively a vial of naloxone and a syringe is probably $11. (Not surprisingly, Evzio no longer is on the market).
You should also understand that if you take an existing generic drug, change the dose or dosage form, do expensive clinical trials, go through the approval process, you can patent it and sell it as a brand name drug. For example, in 1992 finasteride aka Proscar was approved. It comes in a single dose (5mg) and is used to treat enlarged prostates. In 1997, finasteride 1mg was approved for male pattern baldness, aka Propecia, which got its own patent. And while Propecia cost $100/month and wasn’t covered by insurance, generic finasteride 5mg cost several dollars per month.
Another example, ~10 years ago some of the manufacturers of albuterol inhalers and lobbied the government to ban CFC’s in inhalers, which was the propellant everyone used. This was done under the guise of environmentalism despite the amount CFCs being very small. This way a few companies could corner the market getting non-CFC inhalers approved while others opted not to make such a large investment. Because they used a new propellant, a new approval process was necessary despite it being the exact same drug. This allowed them to charge $40/inhaler instead of $5
If a drug is truly effective, pharmaceutical companies will find a way to patent it and make money.
There have been a number of meta analyses done on ivermectin and COVID-19. Many studies are small, of poor quality, and or flawed in procedure or calculations. Additionally, investigating the raw data, a number of studies are believed to be fraudulent / have manufactured results.
At the end of the day do I care if people want to take it? Not really, it’s quite benign in terms of risks, provided the correct dose is taken. Do I recommend it, no. What I do care about is people buying up the world supply of it preventing people who legitimately need it from being able to get it. In reality, millions of people take homeopathic treatments everyday that have zero clinical evidence of working. So it’s really nothing new and just part of the wild we live in.
I haven’t thoroughly read many of the ivermectin studies, but I did the hydroxychloroquine research. The HQC studies were so poorly designed and absurd I was astonished anyone, especially in healthcare, would find the results in any way meaningful. HCQ while a generally safe drug does have some significant risks if not doses and monitored appropriately. But me, my wife, and some of my colleagues all endured tantrums and threats (death threats if your my wife) from patients and family members who demanded HQC. Talk about insanity.
I take a number of supplements myself and my oncologist was familiar with all of them. I wouldn't take them if they didn't help. Though I'd have to say that running 20 miles a week helps a lot too.
I had a number of oddball things happen with chemo in terms of generics, brand names, and drug dispensing that have me doubting that doctors or hospitals try to save money on drugs.