Generic Drugs Market Expected to Witness a Sustainable Growth Research Report

Generic Drugs A generic drug is "designed to be the same as an existing approved brand-name drug in dosage form, safety, strength, method of administration, quality, and performance characteristics" (FDA). The cost savings associated with generic use do not materialise immediately after a drug's patent expires. Generic pharmaceuticals, like branded treatments, require generic market competition before prices fall; two to three years after losing exclusivity, generic drug prices typically fall by 60–70 percent compared to their branded counterparts . Generic Drugs are drugs that have the same chemical makeup as an existing branded drug. In terms of dosage, strength, mode of administration, quality, performance, and application, these pharmaceuticals are less expensive and comparable to branded Generic Drugs . Rather than being connected with a specific manufacturer, generic Drugs are subject to government regulations in various nations. The rising prevalence of chroni...