Generics account for increasing total Rxs dispensed

March 19, 2007

Doug Long, VP of industry relations for IMS Health, told attendees of the recent GPhA annual meeting that the generic industry is riding high.

Doug Long, VP of industry relations for IMS Health, told attendees of the recent GPhA annual meeting that the generic industry is riding high. "In 2001, generics represented 47% of prescriptions dispensed in the U.S.; today they represent 61% and it looks like it's going to go much higher in 2007." Long said that total Rx volume increased by 4.6% industrywide in 2006, while generic prescriptions increased by 13%, three times faster than the market. On a dollar basis, the total pharmaceutical market grew by 8.3%, while the generic business grew by 22.4%.

 

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