Generic drugs are having a major impact on the pharmaceutical industry. For example, Mexican pharmaceutical industry group, Canifarma, estimates that generic drugs represent about 87% of total drug sales in Mexico, up from 30% in 1997. In Brazil, the percentage is equally as high at 76% and in the US, more than 8 in 10 prescriptions filled are for generic drugs according to the FDA.Generics will likely to continue to grow as more and more patented medications expire. And, as more biologics come...
