Generic Market

Generic Market

The market for goods and services needed by most consumers. For example, groceries and clothing may be considered part of the generic market.
References in periodicals archive ?
sales were approximately $325M for the twelve months ended June, according to IQVIA, although actual generic market values are expected to be lower.
Mayne Pharmas CEO, Mr Scott Richards said, Whilst the last two years have been extremely challenging for our business due to competitive pressures in the US generic market, we have undertaken a number of actions to better align our business with market realities and focused the business on sustainable categories and channels.
According to contract research organisation, IQVIA, total US sales of Aspirin and Extended-Release Dipyridamole Capsules, 25 mg/200 mg, amounted to around USD158m for the 12 months ended April 2019, although actual generic market values are likely to be lower.
"In the last year the company has made strategic investments to expand its capabilities in research and development, manufacturing, and now QC capabilities, as we look to take advantage of the opportunities that are arising in the generic market."
OLON is in the production of Active Pharmaceutical Ingredients via synthesis and biological processes for the generic market and for contract development and manufacturing requirements.
"But, the current level of competition in the US generic market is not sustainable as several small players, who lack scale and efficiency will eventually exit, thereby easing competition," India Ratings said in a report.
If the ANDA is approved by the Food and Drag Administration, Teva may be entitled to 180 days of generic market exclusivity.
(155) Despite allegations of hard switches and lack of economic sense, the court rejected Mylan's claims of anticompetitive conduct, finding that "Mylan was not foreclosed from the market." (156) Even though it found, "viewing the facts in the light most favorable to Mylan, that Defendants had indeed made the Doryx 'hops' primarily to 'delay generic market entry,'" it affirmed summary judgment for the Defendants.
DelveInsight combines industry expertise with innovation by collecting, analyzing and communicating to deliver critical information to leading decision makers in the Approved drugs market, Active Pharmaceutical (API) market, Generic market and Drug's research and development helping Drug developing companies, Generics and API manufacturing companies to strategize and identify the right thrust areas and potential customers for their existing and new products.
However, generic market entry is often delayed because a manufacturer has to invest up to 18-24 months for clinical study and research before marketing the generic drug."
"India will continue to play a key role in the global pharmaceutical landscape in R & amp;D (innovation and generics), manufacturing and in the global generic market as a provider of high quality, cost effective medicines, says Singh.
Generic drug companies rely on that short period when they have the generic market for a particular drug to recoup their costs and make a profit.
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