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Mylan Applauds Study Highlighting $931 Billion in Savings for U.S. Health Care System Due to Generic Drugs
Date:9/22/2011

PITTSBURGH, Sept. 22, 2011 /PRNewswire/ -- Mylan Inc. (Nasdaq: MYL) today applauded a new study released by the Generic Pharmaceutical Association (GPhA) as further evidence of the savings and access that high quality, cost effective generic prescription drugs can bring to American consumers.

According to the independent analysis of data conducted by IMS Health, the world's leading provider of market intelligence to the pharmaceutical and health care industries, the use of generic prescription drugs in place of brand name counterparts saved consumers, patients and health care providers more than $931 billion within the past decade (2001-2010). In addition, the report found that in 2010 alone, generic drug use generated nearly $158 billion in savings, an average of $3 billion every week.

Mylan President Heather Bresch said: "Expanded use of generic drugs is one of the most effective ways to reduce health care costs. It's also one of the only universally agreed upon solutions to concerns related to health care expenditures. With one in every 11 prescriptions dispensed in the U.S. being a Mylan product, we are proud to do our part in helping to reduce costs for consumers, payers and the U.S. health care system. While generic drugs now account for more than 75% of prescriptions dispensed in this country, there is still room to increase utilization, expand access and further increase savings.

"The substantial savings generated by generic drugs can be credited in large part to the successful implementation and evolution of the 1984 law, which Congress intended to encourage increased access to generic prescription drugs.  We now have an opportunity to achieve far greater savings through increasing access to biogeneric medicines in the U.S.  

"Effective biogeneric competition within the biologics market will provide consumers with enhanced access to li
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SOURCE Mylan Inc.
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