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Generilife Pvt. Ltd. is a well-known name in the field of generic medicine stores and the need for a generic medicine is a medicine that is similar to a brand-name medicine but can only be produced if the patent of the brand-name medicine expires.
Under the protection of pharmaceutical companies, they develop new medicines as brand-name medicines that have a large cost for research and development and further costs on advertising and this patent protects investment in medicine development by giving the pharmaceutical company the sole right to manufacture and sell brand-name medicines while they are in effect. All of this affects the huge cost that is usually taken out of the patient's pocket.
A generic Medicine is similar to a brand-name Medicine:
The way it works
Has taken the path
How to use it
Upon expiration of patents or other specific terms, other manufacturers may submit a brief new medicine application to the FDA for approval to market a generic version of the brand-name medicines .
Like other new products, these new medicines ...
... are protected by a patent that prohibits others from copying and selling the same medicine , and the generic medicine is approved only after a rigorous review by the FDA and only after a certain period of time for the brand's product. To market.
Generic medicines are chemically similar to their branded parts, they are usually sold at a cheaper rate than brand-name medicines because the medicine is not developed from scratch and the cost of bringing the medicines to market is lower.
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