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  "documentTitle": "Prestige Consumer Healthcare Inc. (PBH)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2020-06-30 00:00:00",
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  "notes": "Uses screenshots of news articles as evidence to support the thesis that generic drugs have no competitive advantage.",
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      "text": "By law, over the counter and generic drugs must be similar to their brand name counterparts... The FDA says these drugs are required to have the same active ingredients, strength, and dosage as the brand name.",
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      "text": "To get a good deal on health and beauty products, consider Walmart's Equate brand... For example, a bottle of Equate Ibuprofen with 500 tablets costs $6.98 at Walmart. A bottle of Advil with half as many tablets -- 225 -- costs twice as much -- $13.99.",
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      "text": "Compared to their generic peers such as Equate, CVS and Walgreens, we believe PBH’s products have no competitive advantage, limited barriers to entry and are at a disadvantage.",
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      "text": "We have found numerous news sources that promote Walmart's store brand Equate over brand name products. According to the FDA, generic drugs must have the same active ingredients, strength and dosage as the named brands. Compared to their generic peers such as Equate, CVS and Walgreens, we believe PBH's products have no competitive advantage, limited barriers to entry and are at a disadvantage.",
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      "kind": "quote",
      "text": "\"By law, over the counter and generic drugs must be similar to their brand name counterparts,\" certified financial planner Reshell Smith told Business Insider. \"The FDA says these drugs are required to have the same active ingredients, strength and dosage as the brand name. Consumers can take comfort in using Equate brand medications as they tend to be regulated by law and the effects of the medication should be equal to the name brand.\" — Reshell Smith, Business Insider",
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      "text": "Walmart's Equate",
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