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Sandoz Targets $600B 'Golden Decade' in Affordable Medicines

Sandoz outlines plans to seize a $600B 'golden decade' opportunity in affordable medicines, targeting biosimilar and generic markets with strong growth and investments.

This news matters because Sandoz's plans to expand access to affordable biosimilars and generics could significantly reduce healthcare costs for patients and systems globally. With over $600 billion worth of medicines losing exclusivity in the next decade, increased competition from companies like Sandoz often leads to lower drug prices, making essential treatments more accessible. This is particularly crucial as healthcare expenses rise worldwide, affecting affordability for chronic conditions and life-saving therapies. Sandoz's focus on streamlining biosimilar development could also accelerate market entry for cheaper alternatives, addressing gaps in treatment availability. For consumers, this means potential savings on prescriptions and improved health outcomes, while for the industry, it drives innovation and efficiency in drug production.