why demand of generic drugs is high in both the developed and developing world?
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The major reason so as to why the demand for Generic Drugs is high in both developed and developing worlds is majorly due to low prices. ... The quality of Generic Drugs is also pretty much the same as Patented Drugs and this also makes these attractive for both Developed and developing states.
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Generic drugs have saved the lives of millions of poor people in the developing countries. It reduces the reliance of governments on multinational pharma companies for developing medicines to deadly diseases. It needs less investment to make copies of these pills after acquiring the patent holder's permission.
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