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Consider the following statements
1. Major difference between Generic Drug and Patented Drugs is the patenting aspect.
2. Generic Drugs may have different pharmacokinetic properties than a patented drug.
3. Generic Drugs need not be approved or tested for product efficacy
Which of statements mentioned above is correct?
1 only
1 and 2
1 and 3
All of above
2nd and 3rd statements are incorrect regarding Generic Drugs. A generic drug is a pharmaceutical drug that is equivalent to a brand-name product in dosage, strength, route of administration, quality, performance, and intended use.
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