Pharmaceuticals
Photos: Generic Pharmaceuticals Saved $734 Billion over Last Decade
Published in Health Business Week, May 22nd, 2009
The Generic Pharmaceutical Association (GPhA) released the results of an independent analysis commissioned from IMS Health, the leading healthcare market intelligence company, revealing that using generic pharmaceuticals saved the American health care system more than $734 billion in the last decade (1999-2008), with approximately $121 billion in savings in 2008 alone. GPhA released the analysis as part of its year long celebration of the 25th anniversary of the 1984 Drug Price Competition and Patent Term Restoration Act, commonly called the Hatch-Waxman Act.
To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/GPhA/38110/
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Source: Health Business Week (2009-05-22)
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