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Generics And Biosimilars Saved US $445bn In 2023, But Industry Stands At ‘Critical Crossroads’

AAM Released Its Annual Report, Calculating Savings Brought In By Generics And Biosimilars

 
• By Urtė Fultinavičiūtė

Despite bringing more and more savings to the US healthcare system, generics and biosimilars are facing unsustainable practices and an uncertain market.

Person at a sign with multiple directions
• Source: Shutterstock

“We cannot afford to take our generic and biosimilar industries for granted. We must do better!” encouraged David Gaugh, interim president and CEO of the Association for Accessible Medicines, as the organization released its 2024 US Generic and Biosimilar Medicines Savings Report.

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