Definition of «generic drug maker»

A generic drug maker is a company that produces drugs with the same active ingredients as brand-name medications, but without the brand name or patent protection. These companies are able to produce these drugs after the original patent has expired, allowing them to sell their products at a lower price than the brand-name version. Generic drug makers must meet the same strict standards of quality and safety as brand-name manufacturers in order to receive approval from regulatory agencies such as the FDA (Food and Drug Administration) in the United States.

Sentences with «generic drug maker»

  • JERUSALEM — Israeli generic drug maker Teva Pharmaceutical Industries on Thursday said first - quarter earnings surged over 80 percent and raised its outlook for the rest of the year, citing progress in an aggressive restructuring plan. (cnbc.com)
  • JERUSALEM (AP)-- Israeli generic drug maker Teva Pharmaceutical Industries on Thursday said first - quarter earnings surged over 80 percent and raised... (flipboard.com)
  • After graduating with degrees in psychology and social work — both of which Witt says are extremely beneficial in real estate — she worked as a marketing coordinator for generic drug maker Pharmascience, organizing activities for 40 sales reps. (remonline.com)
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