Generic Rx Has Majority of Market, IMS Study Shows

Generic prescriptions account for more of the pharmaceutical market than ever before and will likely bring savings to retail pharmacy. Sixty-five percent of all U.S. prescriptions dispensed are filled with generics, at costs of 30% to 80% less than brands, according to numbers from IMS Health, Fairfield, Conn., released recently at the Generic Pharmaceutical Association Annual Meeting

BOCA RATON, Fla. — Generic prescriptions account for more of the pharmaceutical market than ever before and will likely bring savings to retail pharmacy.

Sixty-five percent of all U.S. prescriptions dispensed are filled with generics, at costs of 30% to 80% less than brands, according to numbers from IMS Health, Fairfield, Conn., released recently at the Generic Pharmaceutical Association Annual Meeting here.

This represents only 20% of all dollars spent on prescription

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