But the stakes are higher here due to the sheer scale, and India's title of ‘pharmacy of the world’. This leads to almost 90 percent price erosion, from the price at which the innovator sold the drug versus the generic drug prices. This leads to almost 90 percent price erosion, from the price at which the innovator sold the drug versus the generic drug prices. According to sources, it costs almost $5 billion to formulate one generic drug, before filing for the ANDA. Hedging its BetsExperts reckon that the US generics market has delivered a muted growth in the last couple of years.

Source: Forbes May 15, 2023 07:08 UTC