India is one of the world’s leading manufacturers of generic drugs. In medical terms, a generic drug is a drug product that can be compared to branded drugs in all aspects such as dosage form, dosage strength, quality and intended use. In short, any kind of drug that is sold under its chemical name in the market without any sort of advertising is termed as a generic drug. These kinds of drugs are sold without any patent protection. Naturally, the prices of generic drugs are much less than that of their branded counterparts. It is important that the generic drugs contain the same active ingredients that are present in the branded drugs that they are based upon. Companies can afford to sell generic drugs at lower costs because there are no drug discovery expenses associated with such products. Hide this