New Study Reveals Generic Drugs Continue Entering Market as Competition from Authorized Generics Increases

U.S. Newswire, April, 2007

To: HEALTH/MEDICAL EDITORS

Contact: Jennifer Page of PhRMA, 1-202-835-3460

WASHINGTON, April 19 /PRNewswire-USNewswire/ -- According to a new study by researchers at the Massachusetts Institute of Technology's (MIT) School of Management and Analysis Group Inc., there is no evidence that the recent increase in prevalence of authorized generics has resulted in delays in generic entry into the marketplace. This report reinforces findings in a separate study that authorized generics increase competition and lower prices for consumers.

"This study and others show that authorized generics are increasing competition and helping lower prescription drug prices for patients, not harming competition," said Lori Reilly, PhRMA's vice president for policy and research. "As a...

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