"Guide to Generic Medicine: Definition, Benefits, and Uses | All You Need to Know"

  Introduction A. Definition of generic medicines: Generic medicines are pharmaceutical drugs that are equivalent to brand-name drugs in terms of dosage, strength, safety, and efficacy. However, they are sold at a lower price than the brand-name drugs because they do not carry the same patent protection as the original drug. Generic medicines contain the same active ingredient as the brand-name drug and undergo the same rigorous testing and approval process by regulatory authorities. B. Importance of generic medicines: Generic medicines play a vital role in providing affordable healthcare to people around the world. They are particularly important in low- and middle-income countries, where patients may not be able to afford the high cost of brand-name drugs. Generic medicines also promote competition in the pharmaceutical industry, which can lead to lower drug prices and increased innovation. C. The pricing of generic medicines in India: India is one of the largest producers of gener