How much cheaper are generic medicines?
When the first generic medicine appears on the market alongside the reference medicine, the generic medicine is usually priced at 20–30% lower. Initially, the markets will determine the exact price. As further generic preparations enter the market, the competition between providers intensifies. In Finland, the generic substitution policy also exerts further downward pressure on prices. Thus, generic medicines may be priced at up to 70–90% lower than reference medicines.