About: generic drugs

Health 16-04-2005

Generic Medicines

A generic medicine is a pharmaceutical product that is no longer protected by a patent and which can be copied by other companies. It may be marketed either under its own brand or as an unbranded product. European governments are increasingly relying on generics to save on healthcare costs and have worked to create a more favourable environment for generic medicines, which are considerably less expensive than brand name drugs.
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