Generic medicine

A generic medicine is a medicine that has the same active ingredient, strength, dosage form, and route of administration as a brand-name medicine that has already been approved by the regulatory authorities. A generic medicine is equivalent to the brand-name medicine in terms of safety, effectiveness, quality, and performance. A generic medicine can be marketed after the patent or other exclusivity rights of the brand-name medicine expire. A generic medicine is usually cheaper than the brand-name medicine because it does not require repeated clinical trials or marketing costs.