Generic and Branded Medicines: Science Students Perspective

Generic drug is a medication created to be the same as an existing approved brand-name drug in dosage form, safety, strength, route of administration, quality, and performance characteristics[2]. The domestic generic drug market is expected to cross $27.9 billion from the current level of $13.1 billion registering compound annual growth rate (CAGR) of about 16.3 per cent. According to 35% of respondents India is the largest provider of generic drugs globally. 38% of respondents were neutral.