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New Study Shows Pharmaceutical Patent Settlements Netted $25.5 Billion in Savings for U.S. Health System
Date:7/9/2013

expiry as a result of a patent settlement reduced drug costs by $25.5 billion from 2005-2012.
  • The Federal government benefits from almost one-third ($8.3 billion) of these savings.
  • Savings from patent settlements with consideration, those at issue in the Court and legislation, would be between $11.8 and $13.6 billion if these settlements are typical of all settlements.
  • The Federal government's share of such savings would be between $3.8 and $4.4 billion.
  • Other findings:

    • In addition to the $25.5 billion saved by patent settlements from 2005 to 2012, the study projects an additional $61.7 billion saved if the current level of savings continues through to patent expiry for each molecule analyzed. That equates to more than $87 billion in savings from settlements.
    • The study also looked at the savings that would have been negated if patent settlements had not been an available course of action. Applying the success rate of 48%, derived from a separate Royal Bank of Canada analysis of patent challenges from 2000-2009, the IMS Institute found that realized (from 2005-2012) and projected (from 2013 until each molecule's patent expiry) savings of $87 billion would have been reduced by nearly half, to only $45 billion.

    "Recent IMS Institute and Department of Labor studies have shown the first decline in drug expenditures in 55 years. We believe generic medicines, including those that come to market through settlements and settlements with consideration, have contributed to this historic success," said Neas.

    Slides from the July 9, 2013 presentation are available here:
    http://www.gphaonline.org/gpha-media/gpha-resources/impact-of-patent-settlements-on-drug-costs-estimation-of-savings-ppt'/>"/>

    SOURCE Generic Pharmaceutical Association
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    All rights reserved

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