New generic drugs could lead to health-care savings

Tampone, Kevin
December 2005
Business Journal (Central New York);12/23/2005, Vol. 19 Issue 51, p1
This article presents information about the pharmaceutical market in New York. According to Joel Owerbach, vice president and chief pharmacy officer for Excellus BlueCross BlueShield, a rush of new generic drugs will be storming the pharmaceutical market starting in 2006. It will allow people to save money on prescription drugs. Experts believe that during the next three years, brand-name drugs, whose sales total $10 billion to $12 billion, will become available as generics. The new generic drugs will be chemically identical to their brand-name counterparts.


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