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31, 32 Among the nonconventional generic drugs, the market share of generics is expected to grow from around 15% to 34% within 3 years.
"My guess is that the increasing market share of generics, driven largely by firms using two- and three-tier pricing — that's what's slowing us down over time," Mr. Nichols said.
The market share of generics for certain products usually becomes quite large in short periods in most countries.
The market share of generics varies widely from one country to another [ 19].
In recent years, the market share of generics has increased significantly both in absolute terms and in comparison with originator brands and similar medicines [ 31].
The current regulation defines the criteria for the annual readjustment of prices defined by the level of market competition based on the market share of generics.
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The market share of the generics was lowering and the weighted mean price kept increasing in face of the strict price control.
Therefore, we expect that the actual percentage of generics being bioequivalent to other generics in the actual clinical setting will be higher than 80%%.
Indian pharma tycoon P.V.Ramprasad Reddy debuts on Forbes' Billionaires list as shares of his generics firm Aurobindo Pharma, which he cofounded in 1986 with his brother-in-law, more than doubled in the past year.
Other big-time Merck drugs, Zetia and Vytorin, are both losing share to generics.
Between 2008 and 2012 generics' share of the drug market grew by 44% in Denmark, 60% in France and 100% in Spain.
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