The Sustaining Generic Medicines Markets in Europe report (April 2006), produced by the Research Centre for Pharmaceutical Care and Pharmaco-economics and authored by Professor Steven Simoens and Mr Sandra De Coster, offers a country-by-country analysis of generics markets in Europe and discusses factors both hindering and aiding the development of generics markets.
Savings from generic medicines use
Home/Reports | Posted 04/05/2010 0 Post your comment
The last section of the report offers a data-driven illustrative example of how generic substitution can result in significant cost savings in countries. It does this by presenting data from 2004 for several EU countries discussed in the report. The data lists the top 10 drugs (8 in the case of Poland) by public expenditure, including the savings that could be had were generics substituted for these brand-name drugs. The analysis assumes a 95% generic substitution rate.
Results are compelling and point to a 21% savings in Poland to 48% in Denmark. The table shows, of the countries surveyed, the brand-name drug with the highest public expenditure in each country and the amount of savings that could be made were a generic substituted for that drug in that country.
Table: Potential savings in EU countries from generic substitution for top drug
Country | Brand-name drug with top public expenditure | Public expenditure in Euros | Potential savings from generic substitution |
Austria | Lisinopril | 33,545,548 | 7,973,247 |
Belgium | Pravastatin | 67,863,755 | 45,053,083 |
Denmark | Metoprolol | 19,289,107 | 4,833,861 |
France | Omeprazole | 446,515,016 | 117,723,086 |
Germany | Hydrochlorothiazide | 743,868,532 | 481,855,404 |
Italy | Ceftriaxone | 125,640,866 | 45,480,174 |
The Netherlands | Pravastatin | 67,314,038 | 29,605,918 |
Poland | Simvastatin | 10,088,853 | 623,500 |
Portugal | Ethinylestradiol | 47,817,774 | 40,705,211 |
Spain | Paroxetine | 132,429,541 | 29,471,752 |
United Kingdom | Pravastatin | 173,926,201 | 1,827,321 |
Table adapted from the Sustaining Generic Medicines Markets in Europe report (April 2006).
Related articles
Recommendations to strengthen generic medicines markets
Policies that advance the use of generic and biosimilar medicines
Recommendations for developing generic medicines markets
Strengths and weaknesses of developing generic medicines markets
Recommendations for mature generic medicines markets
Strengths and weaknesses of developing mature medicines markets
Overview of the Sustaining Generic Medicines Markets in Europe
Reference
Simoens S, De Coster S. Sustaining Generic Medicines Markets in Europe. April 2006.
Guidelines
Regulatory update for post-registration of biological products in Brazil
New regulations in Brazil for the registration of biosimilars
Policies & Legislation
NPRA Malaysia trials new timelines for variation applications
Regulatory evolution and impact of simplified requirements for interchangeable biosimilars in the US
Comments (0)
Post your comment