PharmacoEconomics & Outcomes News 660 - 18 Aug 2012

■ Use of generic prescription drugs has saved theUS healthcare system more than $US1 trillion over thepast 10 years, with savings currently running at$0.5 billion per day, according an independent studyundertaken by the IMS Institute for HealthcareInformatics for the Generic Pharmaceutical Association(GPhA). Ralph G. Neas, President and CEO of theGPhA, described the findings of the Generic DrugSavings study as "remarkable" and a testament to thegeneric industry’s accomplishments over the pastdecade. He went on to say that the study shows that"generic and biosimilar utilisation are the best placesto go for the ‘offsets’ that everyone will be desperatelyseeking" in the coming year.The Generic Pharmaceutical Association. New Study Finds Use of GenericPrescription Drugs Saved Consumers and the U.S. Health Care System $1Trillion over Past Decade. Media Release : 2 Aug 2012. Available from: URL:http://www.gphaonline.org 809139847

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PharmacoEconomics & Outcomes News 18 Aug 2012 No. 6601173-5503/10/0660-0001/$14.95 Adis © 2010 Springer International Publishing AG. All rights reserved