Generic Medicines – Myths and Reality
(2014; 2 pages)

Abstract

Medicines are usually available under two names: a generic name and a brand name. In a strict sense, these terminologies are slightly different in USA and in India. In USA there is only one brand for a particular drug molecule. This is the innovator’s brand and no one else is allowed to market this drug molecule within the patent protection period. On expiry of patent, marketing of the molecule under its generic name is allowed. There may be several generic versions of the branded one. Generic name is the common name of the drug molecule.

The generic versions must have equivalent properties and action similar to the innovator’s brand and are interchangeable...

 
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