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Ranbaxy Commends New IMS Study Which Credits Generic Prescription Drugs With $1 Trillion Savings In U.S. Health Care Costs Over Past 10 Years
Date:8/2/2012

rding to the GPhA study, the proven track record of savings for consumers using traditional generic drugs can be duplicated in the biopharmaceutical market. The approval of biosimilars will inject the competition needed in the biologic market to lower costs and provide significant savings for patients in need of these life saving treatments.

"We view biologics as the next generation of generic innovation, and Ranbaxy has been hard at work positioning itself as a player in this space. It is important that the FDA maintains its commitment to biosimilars and that it ensures a workable pathway for such life saving treatments in the U.S. market," Krishnan concluded.

Since the implementation of the Hatch-Waxman Act in 1984, which opened the door to the generic pharmaceutical industry, consumers and patients have had a steady stream of lower cost, safe and effective generic treatments.

Ranbaxy Pharmaceuticals Inc. (RPI) based in Jacksonville, Florida, is a wholly owned subsidiary of Ranbaxy Laboratories Limited (RLL), India's largest pharmaceutical company.  RPI is engaged in the sale and distribution of generic and branded prescription products in the U.S. health care system.


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SOURCE Ranbaxy Pharmaceuticals Inc.
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