Generic Drugs- A Brief Introduction Generic Drugs are also known as non-proprietary drugs. Generic drugs are those medicines which are not patented or which have expired patents. To make a better understanding of the term generic drugs, let’s take the example of Paracetamol. Paracetamol is a pain killer which was first synthesized by a pharmaceutical [...]
Mail this post Prologue Generic Drugs are non-proprietary versions of those drugs which are not patented or which have lost its patent due to expiration. A drug when produced is examined by FDA thoroughly. After approval, the drug is assigned a generic name by the Approved Name Council of United States and is patented for its chemical formula [...]
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Patent drugs are the proprietary drugs and are registered trademarks which are dually patented by FDA for their chemical structure, their formula, and their brand name. The company which files these patents gets the exclusive rights to manufacture or market it. Other companies cannot produce any drug with similar chemical formula and brand [...]
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