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General Motors supports the FTC's proposed study of generic drug competition

( December 18, 2000, 23:31 GMT | Official Statement) -- MLex Summary: General Motors supports the US Federal Trade Commission's proposed collection of information on the anticompetitive activities of pharmaceutical manufacturers saying that GM encourages the use of generic drugs because they are safe and effective, yet priced substantially below the cost of a brand equivalent product. GM explains that practices which retard generic product entry into the market waste health care dollars and make newer drugs unaffordable by many people.See the public comment in full below....

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