( Though there is lot of controversies ov...)Generic Drugs Usage In US Can Save $20 Billion – Express Script Surve,Health

Though there is lot of controversies over the usage of Generic drugs in India and other countries.// Now US based company Express Script has done a survey to find out that usage of generic drugs in US could have saved $20 billion in 2004 which would be more in the future. Though it is well known that US policies are also governed by big companies which include pharmaceutical industries, who would not accept this fact but the reality is that billion of dollars can be saved by using generic drugs. On average, a generic drug costs approximately $60 less than a brand name drug. Consumers also pay a lower co-payment for generic medications, saving $10 or more per prescription on average compared to branded medications.

Express Scripts, Inc. is a US based company which has studied and examined six major drug-therapy classes and was based on a random sample of approximately 3 million individuals. According to a new report by The Express Scripts “2004 Generic Drug Usage Report” also ranked generic drug use and savings opportunities by state, revealing significant variation across the six drug categories used to treat common conditions like stomach ulcers, inflammation, depression, high blood pressure and high cholesterol. The company is one of the nation’s largest managers of pharmacy benefit plans for employers, governments, unions and health plans.

Generic drugs in the field of treating Gastrointestinal which is a common disease can save up to $5.4 billion nationally. In the anti-cholesterol category, generics are only dispensed 7% of the time nationally. However, drug costs could be reduced an additional $5.1 billion annually if generic fill rates reach the 70% goal projected in the report. The generic fill rate goals utilized in the study are based on an evaluation of clinical efficacy and market dynamics of branded and generic medications.

Steve Miller, MD, Express Scripts Vice President, Research said, 'We have only scratched the surface in
'"/>




Page: 1 2
Related medicine news :

1. Generic drug costs remain shackled
2. FDA Approves Indian Generic Drug For AIDS Treatment
3. Proper Validation of Generic Drugs Could Save Millions of AIDS Patients
4. AIDS Generic Drugs Approved by FDA for Sale in US
5. HIV Mortality declining in India due to Generic Antiretroviral therapy drugs
6. Generic Products Compete With GlaxoSmithKline
7. ViroPharma Shares Fall As FDA Moves Towards Generic Vancocin
8. Ranbaxy Expands By Acquiring A Generic Company In Belgium
9. First Generic Version of Lexapro permitted by US
10. Dr Reddys Launches Generic Version Of Mercks Proscar Tablets
11. Ranbaxy Acquires Glaxosmithklines Generic Unit in Spain