From Chip Davis, President & CEO
2016 marked the 15th anniversary of the founding of the Generic Pharmaceutical Association. Our achievements over the years and our contributions to the health system have been extraordinary. We have witnessed remarkable growth in the use of generic medicines, with nearly 3.9 billion generic prescriptions dispensed last year, up from just 1.3 billion prescriptions in 2001. The generic share of the prescription drug market has doubled over this period, increasing from approximately 44 percent in 2001 to 89 percent today. Our sector truly has become the backbone of the pharmaceutical industry.