Generic drugs help US save $1 trn in 12 yrs


Generic drugs helped the US government save almost $1 trillion since 1999, according to an estimate of an IMS Health study commissioned by Generic Pharma Association, which counts among its members major Indian drugmakers such as Ranbaxy, Sun Pharma, Glenmark and Dr Reddy’s. The value of saving on account of generic drug usage in 2010 alone is pegged at $158 billion. This translates to a saving of over $3 billion every week for the US healthcare system, at the current rate of generic drug utilisation, according to ‘Savings: an economic analysis of generic drug usage in US’........Read more

 

Source: Financial Express


Comments (0)



Please Login or Register to join groups