Free Trade Deals Are Demolishing Savings

IP Restrictions Block Generic And Biosimilar Savings Worldwide

Global free trade agreements are having a detrimental effect on savings that can be achieved by using generics and biosimilars across healthcare systems worldwide, according to a new IQVIA report hosted by the IGBA.

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International trade deals are erecting barriers to generic and biosimilar savings • Source: Shutterstock

Free trade agreements struck across the globe are blocking hundreds of millions of dollars in savings from generic and biosimilar competition via restrictive intellectual property and exclusivity provisions, according to an IQVIA study hosted by the International Generic and Biosimilar medicines Association.

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