Biologics

Study by Leading Economist Identifies Potential for $378 Billion of Savings From Follow On Biologics

Published in Medical Patent Law Weekly, February 27th, 2008

A report released, commissioned by Insmed Inc. (NASDAQ:INSM), identifies potential cost savings of approximately $378 billion over the next 20 years from making follow on biologics (FOBs) available in the U.S.

The econometric study by economist Dr. Robert J. Shapiro, former Under Secretary of Commerce in the Clinton Administration, found that "...generic versions of the top 12 categories of biologic treatments with patent protections that have expired or that are due to expire in the near future could save Americans $67 billion to $108 billion over 10 years and $236 billion to $378 billion over 20 years."

According to other published reports, an...

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Source: Medical Patent Law Weekly (2008-02-27)

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