WHO stated that the generic drugs are the pharmaceutical compositions which are interchangeable with the pioneer’s drugs. Requirement of the license is not the priority for its manufacturing. They are marketed after the branded drugs got expired. Generic drugs are advertised under their chemical name. These drugs are regulated according to the government norms as they are not associated with any of the private firms. The core ingredient is formulated as an original formulation. That’s why the generic drugs are cheaper than the branded one. Even the poorest of all can afford it. They are as effective as the branded drugs in terms of their mode of action, its efficacy. The marketing of generic drugs is rising day by day in many countries because they are safe, easily available and inexpensive. Due to its varied advantages, the acceptability of generic drug is increasing among the developed countries. Doctors are also prescribing these medicines to their patients as they are less harmful. Generic Medicines are those medicines which have similar Pharmaceutical active ingredient in its formulation. These medicines are similar with the Branded medicines in the following ways:
- Route of administration,
- Mechanism of action,
- Dosage form; in liquid form or in tablet form or in parental form,
- Equivalent dose to that of branded drugs.