Tag: generic drug approvals

Annual Savings from FDA Generic Drug Approvals: Year-by-Year Breakdown

Beata Staszkow
|
December 31
|
0

Year-by-year breakdown of how much the U.S. saves thanks to FDA-approved generic drugs, from $7.1 billion in 2019 to $445 billion in 2023 total savings. Learn how generics cut costs, who benefits, and why savings vary.