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Goldman Sachs

May 13, 2026

US Generic Drug Pricing Tracker

Sector ReportEquitiesHealth Care

US generic drug pricing declined 4.1% YoY in March, showing stability compared to the 6% average deflation seen in FY25. FDA ANDA approvals remain healthy, tracking slightly above historical monthly averages.

Key Takeaways

  • 1.Generic drug pricing declined 4.1% YoY in March, remaining stable and consistent with expectations of mid-high single-digit erosion.
  • 2.ANDA approvals are tracking slightly above historical levels, with 87 approvals in March compared to the 78/month historical average.
  • 3.The drug pricing basket methodology uses the top 500 generic drugs by IQVIA sales from 2014, representing approximately 95% of category sales at that time.

Table of Contents

  • US generic drug pricing tracker: GRx deflation of 4% in March
  • US generic drug pricing basket
  • Disclosure Appendix
  • Disclosures
  • Regulatory disclosures
  • Additional disclosures required under the laws and regulations of jurisdictions other than the United States
  • Ratings, coverage universe and related definitions
  • Global product; distributing entities
  • General disclosures

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