2016 Generics Industry Trends
Over the past decade, generics companies have saved the US healthcare system over $1.2 trillion. Globally, generics companies continue to reduce the cost of medicines while also increasing access to life-saving medications. Particularly over the past year, the first biosimilar was introduced in the US, GDUFA was reauthorized, mergers and acquisitions surged, and pricing became a hot-button issue. As such, generics companies have an opportunity to demonstrate their adaptability and ingenuity, as well as the value they bring to the healthcare system.
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