Generic Drug Laws.

Generic drug laws are regulations that allow companies to produce and sell medications that are chemically identical to brand-name drugs after the original patent expires. These laws ensure that generics meet the same quality and safety standards as their branded counterparts but are typically sold at lower prices. The goal is to promote competition in the pharmaceutical market, making medications more accessible to consumers while maintaining high safety standards. The approval process for generics is streamlined, allowing for faster availability of affordable options for patients.