The generic drug industry is a sector of the pharmaceutical industry that focuses on the development, production, and marketing of generic medications. Generic drugs are copies of brand-name drugs that have the same active ingredients, strength, and dosage form as the original medication, but are typically sold at a lower price. The generic drug industry plays an important role in providing affordable and accessible medication to patients, and has seen significant growth in recent years due to a number of factors, including an increase in the number of brand-name drugs going off-patent and the growing demand for generic medications.
Industry’s Top Companies:
- Zoetis
- Takeda
- Haleon
- Viatris
- Teva Pharmaceutical
- Dr. Reddy’s
- Catalent
- Perrigo
- Evotec
- Bausch Health Companies
