Generic medicines are the medicines that contains active pharmaceutical ingredients same as the original active pharmaceutical ingredients developed and innovated.
A manufacturer can only sell the generic medicines after the patent of original drugs get expired.
The API present in the generic medicines is as same as of original product, but the colour, taste, excipients, manufacturing procedure, type of packaging can be differ from the original one.
The main advantage of generic medicines are that they are cheaper as compare to original brand medicine. Common people can easily afford generic medicines because the prices of brand medicines are much higher as compared to generic medicines. This is the reason why generic medicines are in demand by maximum number of population of the country.
The profit margins in generic medicines manufacturing and distribution is low. That is the reason why Good pharmaceutical companies protect their patent from expiration by spending more money to avoid competition of generic medicines.
In India there are number of generic medicines manufacturer and there is very huge competition between generic marketing. Affy group is one of the leading manufacturer of generic medicines.
Top 14 Generic Marketing Companies
- Fadus healthcare
- Aisling Pharma
- Dusam Lifesciences
- Estrella Pharma
- Sante Health Care
- Izar healthcare
- Spera medicare
- Allenburg pharmaceuticals (INDIA) CO
- Almond pharmacia (INDIA) Co
- Scala pharmaceuticals
- Zemcord life sciences (India) Co
- Regalia Healthcare pvt. Ltd
- Regress life sciences pvt. Ltd
- Relivo formulations pvt. Ltd
