Generic drugs are certainly a significant part of the landscape in the healthcare world. Not only do they save healthcare consumers (and their insurance companies) millions of dollars a year, but they are a thriving industry in their own right. Companies like India's Dr. Reddy's Laboratories (NYSE:RDY) and its nearly ten-fold larger rival Teva Pharmaceuticals (Nasdaq:TEVA) have certainly produced ample rewards for long-term investors.
Now, though, there is a whole new window of opportunity opening for the generics companies - the opportunity to sell what amount to generic versions of biopharmaceuticals. Though the path will be difficult and expensive, this market represents a major opportunity for the generics industry and potentially a major threat for many large pharmaceutical companies.
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