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On the other hand, go to any drug store and see the Afrin brand Nasal Spray (similar sort of product) selling next to the CVS/Walgreens generics for twice the price, with the exact same active ingredients.

This is something I've noticed in the drug store but nowhere else. In most industries, the commoditization of proprietary products after patent experation is fast. Household cleaning products are a good example... so are personal care products. Within a few years, a $4.50 a bottle cleaner must compete with a half dozen knockoffs from competing brand-name producers and a generic in every grocer store. The price usually falls quickly.

But with drugs, this isn't always the case. Take the Afrin example. Other name brands sell competing products, but do so at the same prices. Even the generic are priced only 10-30% lower. Considering that the cost to produce something like Nasal spray is probably less than 25% of the retail cost, this seems surprising.

Stil, this threat is very real, although it's also a few years further down the road. If I was to buy CNS, the only reason I could think of to hold on to it for long enough for this to be a problem would be continued earing growth of this caliber over the next 5-7 YEARS! If it's capable of that, it will be a very large player by then, and the stock will have probably returned its price at least once, and probably more like twice. If I had to sell then, even in a local slump, I'd hardly be dissappointed.
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