Hospira Supports Newly Introduced Biogenerics L... (tor companies' original investments in t...)

Hospira Supports Newly Introduced Biogenerics Legislation

Date:3/11/2009

tor companies' original investments in their products, and also enables relatively quick access to affordable generic substitutions.

Estimates for savings from biogeneric drugs range from $12 billion over 10 years by the Congressional Budget Office (CBO)(1), which assumed a 12-year exclusivity period and focused on savings to the U.S. government alone, to $378 billion over 20 years(2) from noted economist Robert J. Shapiro, who looked at potential savings to U.S. society in general.

Hospira is the only U.S. company selling a biogeneric drug in Europe today. Hospira's Retacrit(R) (epoetin zeta), a treatment for anemia associated with chronic kidney failure and chemotherapy-induced anemia, is available in more than a dozen European countries.

        (1) FDA Week, "CBO Nearly Doubles Estimated Savings From Generic
            Biologics;" Dec. 26, 2008
        (2) Insmed, Inc., "Study By Leading Economist Identifies Potential for
            $378 Billion of Savings From Follow On Biologics;" Feb. 11, 2008

About Hospira

Hospira, Inc. is a global specialty pharmaceutical and medication delivery company dedicated to Advancing Wellness(TM). As the world leader in specialty generic injectable pharmaceuticals, Hospira offers one of the broadest portfolios of generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management solutions. Through its products, Hospira helps improve the safety, cost and productivity of patient care. The company is headquartered in Lake Forest, Ill., and has more than 14,000 employees. Learn more at www.hospira.com.

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Hospira Supports Newly Introduced Biogenerics L...(tor companies' original investments in t...)