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Mylan Applauds Study Highlighting $1 Trillion in Savings for U.S. Health Care System Due to Generic Drugs Over Past Decade
Date:8/2/2012

proval pathway in 2010 for generic substitutes of biologics, or 'biogenerics,' as part of the Affordable Care Act. Unfortunately, the statutory framework within this legislation to bring consumers access to biogenerics has not yet resulted in a workable biogeneric pathway that encourages interchangeability. In fact, in the two years since Congress passed the Affordable Care Act, not one biogeneric medicine has been approved by the Food and Drug Administration (FDA).

"Mylan urges FDA, the White House and members of Congress to encourage approval of, and earlier access to, interchangeable biogenerics. Only then will American patients continue to reap the full benefits of expanded access to high quality, more affordable generic medicines in the form of biogeneric drugs."

According to the Generic Drugs Cost Savings Study, estimates from various economic impact surveys pin the projected savings from more timely access to biogeneric drugs at $42 billion on the low end to as high as $108 billion over the first decade after market formation.

For more information about the Generic Drugs Cost Savings Study, or about the generic pharmaceutical industry, visit www.gphaonline.org. To learn more about the true value and reliability of generic drugs, visit www.choosinggenerics.com.

Mylan is a global pharmaceutical company committed to setting new standards in health care. Working together around the world to provide 7 billion people access to high quality medicine, we innovate to satisfy unmet needs; make reliability and service a habit, do what's right, not what's easy and impact the future through passionate global leadership. We offer a growing portfolio of more than 1,100 generic pharmaceuticals and several brand medications. In addition, we offer a wide range of antiretroviral therapies, upon which approximately one-third of HIV/AIDS patients in developing coun
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SOURCE Mylan Inc.
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