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HomeHealth Insurance2021 Annual Report on Generic Drug Approvals – Healthcare Economist

2021 Annual Report on Generic Drug Approvals – Healthcare Economist






Right this moment, the Workplace of Generic Medicine (OGD) on the Meals and Drug Administration (FDA) launched its 2021 Annual Report. As famous within the report, 90% of all medicine allotted within the US are generic. In 2021, there have been 776 authorized generic medicine via the Abbreviated New Drug Purposes (ANDA) course of. Approvals by month are under.

Out of those 776, 93 had been first generic medicine. An inventory of first generic approvals that the FDA OGD outlined as “important” is listed under.

The OGD report is a crucial reminder “…that the aim of the pharmaceutical business is to create a ‘mountain of cheap generics‘ to assist humanity in perpetuity “



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