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.

Closed economy
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.

In the study on the impact of FTAs, IQVIA reviews the effect of “originator-favoring government incentives on the success of generic and biosimilar medicines markets”, focusing specifically on “FTAs and associated provisions

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Generics Bulletin for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Generics

More from Products