Japan estimated to have saved $12 billion through the use of generics in 2017

The Japanese government encourages the use of generics and has been implementing increasingly assertive pro-generic policies. Since April 2013 a 60% target deadline was set and has recently been brought forward to March 2017 and a new target of 80% to be reached between 2018 and 2021.

Japan’s Ministry of Health, Labour and Welfare (MHLW) has announced that this push towards increasing the use of generic prescriptions has forecasted to have saved ¥1.3 trillion ($12.2 billion), the Japan Times reported, noting that the reduction is about 40% larger than the savings estimated for 2015.

For more information, click here.

Tagged with

Published 7. March 2018 in News Japan