Generic Products
A consumer product with a generic brand lacks a well-known name or emblem since it is frequently not advertised. Generic products are renowned for their affordable prices and extremely simple packaging and labelling. When a name brand drug's patent expires, a generic version of it or a new pharmaceutical brand may be produced.
A generic medication is a prescription medication that shares the same chemical components as a medication that was first covered by a chemical patent.
Typically, the cost of a generic drug is between 80% and 85% cheaper than the comparable brand-name drug.
