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Latuda, Other Generics Cleared In 2022 Helped Generate Nearly $19bn In Savings, US FDA Says

 
• By Derrick Gingery

Generics of the schizophrenia treatment Latuda generated more than $4bn in savings a year after their 2022 approval, according to an FDA study.

One generic generated more than $4bn in savings in the year after its 2022 approval (Shutterstock)

Generic drugs approved in 2022 saved patients nearly $19bn in their first year on the market, thanks in large part to follow-ons of Sumitomo Dainippon Pharma’s psychiatric drug Latuda (lurasidone hydrochloride).

Key Takeaways
  • Latuda savings were high because the generics entered a high-value sector.
  • Generics approved in 2022 saved about $18.9bn in their first year...

The schizophrenia and bipolar disorder treatment’s generic versions saved more than $4.4bn, according to a US Food and Drug Administration report estimating the cost savings...

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