The Generic Drugs market is a segment of the pharmaceutical industry that focuses on the production and sale of generic drugs. Generic drugs are copies of brand-name drugs that have the same active ingredients, dosage form, strength, route of administration, safety, efficacy, and intended use as the original drug. Generic drugs are typically much cheaper than their brand-name counterparts, making them a popular choice for consumers.
Generic drugs are produced by a variety of companies, including large pharmaceutical companies, small generic drug manufacturers, and even generic drug divisions of brand-name drug companies. Generic drug companies must meet the same standards of quality, safety, and efficacy as brand-name drug companies.
Some of the major companies in the Generic Drugs market include Teva Pharmaceuticals, Mylan, Sandoz, Sun Pharmaceuticals, Dr. Reddy's Laboratories, and Lupin. Show Less Read more