Tag: FDA generic savings

Annual Savings from FDA Generic Drug Approvals: Year-by-Year Breakdown 25 Dec
By: Alan cumplunk
14

Annual Savings from FDA Generic Drug Approvals: Year-by-Year Breakdown

Annual savings from FDA generic drug approvals hit $7.1 billion in 2019 and $5.2 billion in 2022, with total generic savings reaching $445 billion in 2023. Learn how patent expirations drive year-to-year savings and why generics cut drug costs for millions.

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