Tag: generic drug cost savings

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

Beata Staszkow
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December 31
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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.