Top 10 Generic Pharma Companies in India
Top 10 Generic Pharma Companies in India – Generic drug companies have become an intimidating segment of the pharmaceutical drug market. A report by Global Data says that Indian generic manufacturers are doing particularly well in the generics marketplace, and more and more companies are moving their manufacturing facilities overseas to cut costs. According to the recent report of the FDA, there are approx. 40 leading Generic medicine Pharma Companies in India. This blog is about the Top 10 leading Generic Pharma Companies in India.
Generic drugs are mainly copies of brand-name drugs that have the same dosage, intended use, side effects, route of administration, safety, and strength as the original drug. In other words, their pharmacological effects are the same as those of their brand-name counterparts. Giving you an example of a generic drug is generic drug for diabetes is metformin. A brand name for metformin is Glucophage. (Brand names are usually capitalized while generic names are not).
Check in Hindi – भारत में शीर्ष 10 जेनेरिक फार्मा कंपनियां|
Generic drugs are preferable because they are cheaper this is because the manufacturers have not had the expenses of developing and marketing a new drug. When a company brings a new drug onto the market, the firm has already spent substantial money on research, development, marketing, and promotion of the drug. Thus generic drugs are cheaper and preferable by many people.
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Key facts about the Generic medicines in India
- The Indian Generic pharmaceutical market was valued at Rs. 4,71,295 crore (US$55 billion) in 2025 and is projected to reach Rs. 10,28,280-11,13,970 crore (US$120-130 billion) by 2030, as per IBEF research.
- The Generic market for medicines is expected to grow at a CAGR of 6.02% during 2025-2030, as per TechSciResearch.
- India’s drugs and pharmaceuticals exports stood at Rs. 2,59,658 crore (US$30.38 billion) in FY25 and Rs. 2,43,119 crore (US$27.82 billion) in FY24, as per IBEF research.
- India is supplying ~20 % of the world’s generic medicines by volume, as per IBEF research.
- India produces more than 60000 generic drugs, as per Economic Times research.
List of Top 10 Generic Pharma Companies in India
According to The Balance, about 88 percent of all prescriptions in the U.S. are for generic medications. Generics, in general, are a $224 billion-plus annual business. In my blog, the generic pharma companies profile gives you information about activities, technologies, and recent financial results of their companies, and an Assessment of developments – mergers and acquisitions (M&A), new products, outlooks, challenges, and plans about generic medicines.
Based on financial numbers provided by Evaluate in 2018, these companies are leading the way in the generics marketplace. We have provided you with the proper details, including their registered address and some of their product lists of the Top 10 Generic Pharma Companies in India
- Teva Pharmaceutical Industries
- Wockhardt Pharmaceutical
- Sandoz, A Novartis division
- Fresenius Kabi
- Endo Pharmaceuticals Inc
- Torque Pharmaceutical
- Hospira, Inc
- Sain Medicaments Pvt. Ltd
- Krka Pharmaceutical
- Zydus Cadila
1. Teva Pharmaceutical Industries:
Key Highlights: 2500 Reviews & 3.7 star rating (By Glassdoor)
The company was established in the year 1901 and is the leading Generic Pharma Companies in Maharashtra India. According to the recent report, revenues were $9.8 billion, and more than $9 billion in sales and purchased the rights to Allergan’s generics division in 2018. Today they have a portfolio of more than 1800 molecules and produce approximately 88 billion tablets and capsules a year at 80 manufacturing facilities. Their generic medicines meet critical consumer and societal needs.
Teva is among the top three generic companies in 40 markets around the world. They have the most extensive product portfolio in the industry: 1 in 6 generic prescriptions in the US are filled with Teva products, 1 in 8 prescriptions in the UK, and 1 in 8 in Germany. Teva aims to be the first to introduce the highest quality standards at the most competitive prices. Teva Pharmaceutical is an Israel-based pharmaceutical company that offers diverse products in a wide range of segments such as specialty, generic, OTC, and APIs.
The company’s R&D capabilities have expanded beyond
- tablets
- capsules
- liquids
- ointments and
- creams to a broad range of effective dosage forms and delivery systems.
| Established Year | 1901 |
| GST No. | 27AACCT3536F1ZG |
| Drug License | Yes |
| Product Range | 3,600 medicines |
| Major Categories | Specialty medicines, Generics, Biopharmaceuticals, Active pharmaceutical ingredients (API), and Over-the-counter products. |
| Total No. of Employees | 35,000 |
| Managing Director | Richard Francis |
Contact them – Commerz 2, Off, Western Express Hwy, Goregaon East, Mumbai, Maharashtra 400063
2. Wockhardt Pharmaceutical:
Key Highlights: 1300 Reviews & 3.9 star rating (By Ambition Box)
The company was founded in the early 1960s. Wockhardt is a global pharmaceutical and biotechnology organization, providing affordable, high-quality medicines for a healthier world. In recent years, their growth has been propelled by consistent expansion in the global generics market. This was enabled through an aggressive program targeting three strategic platforms for launching generic products in the advanced markets. It is the only company that comes in the list of top 10 generic pharmaceutical companies. These comprise:
- Injectables ((Cephalosporins & Non-Cephalosporins)
- Blockbuster molecules going off-patent
- Value-added generics (NDDS, niche)
Wockhardt is a true Indian multinational company with a multi-ethnic workforce of 8600 Wockhardt Associates from 21 different nationalities globally. It has 3 research centers and 12 manufacturing plants, with businesses ranging from the manufacture and marketing of Pharmaceutical and Bio-pharmaceutical formulations to Active Pharmaceutical Ingredients (APIs) and Vaccines. Some of their product are:
- Ace Proxyvon
- Aceroc
- Alphadopa
- Aziwok
- B.G.Prot
- Bio-Corneum
- Biovac Flu
- Biovac Typhoid
- Dol Proxyvon
- Dilex Tab
- Dilex OD
- Dicloaqua
- Depiwhite Masque
- Depiwhite Eye Contour Gel
- Cymin-MF
- Depiwhite Cream
Cefiwok-Redimix etc.
| Established Year | 1960 |
| GST No. | 06AAACW2472M1Z3. |
| Drug License | Yes |
| Product Range | 140 |
| Major Categories | Formulations, biopharmaceuticals, nutrition products, vaccines and active pharmaceutical ingredients (APIs). |
| Total No. of Employees | 2,394 |
| Managing Director | Dr. Murtaza Khorakiwala |
Contact them – Wockhardt Towers, Bandra Kurla Complex, G Block BKC, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051
3. Sandoz, A Novartis division:
Key Highlights: 4.0 rating based on 314 reviews at Ambition box
Sandoz is the global leader in developing and delivering generic medicines with more than 25,000 employees worldwide and runs 30 manufacturing sites. They offer a broad portfolio covering all major therapeutic areas, resulting in substantial savings and improved access to healthcare. They made their place in the Top 10 Generic Pharma Companies in Indore Madhya Pradesh India. The company is one of the Topmost Generic Pharma Companies in India. In addition to the global #1 ranking in
- biosimilars and generic antibiotics
- dermatology and
- transplantation medicines
The company divested its US oral solids and dermatology business to Aurobindo Pharma to realign its marketing strategy, in September 2018. The divestment increased the company’s share of higher-margin differentiated products and created a lean cost structure. The company holds leading global positions in areas ranging from
- generic cardiovascular
- the central nervous system (CNS)
- pain
- ophthalmology
- oncology
- respiratory and
- hormonal therapeutics.
Based in Germany, Sandoz develops, manufactures, and commercializes finished dosage forms and intermediary products. The retail generics franchise accounted for 80% of the company’s total business, followed by biopharmaceuticals (15%) and anti-infectives (5%). Sandoz offers a variety of drug delivery mechanisms. These include:
- Inhalable – used in the treatment of asthma and COPD
- Injectables – non-biologic drugs taken via injection, which follow a parenteral route of administration.
- Oral solids – tablets or capsules; can be extended or slow-release
- Oral films – particularly effective for patients who need fast-acting treatment or who have difficulties swallowing oral medications
- Transdermal patches – an innovative alternative for controlled drug delivery through the skin and into the bloodstream
| Established Year | 1996 |
| GST No. | 03AAACS9267J1Z4 |
| Drug License | Yes |
| Product Range | 6 products in the US |
| Major Categories | Biosimilars and generic, antibiotics, dermatology and transplantation medicines. |
| Total No. of Employees | 25,000 |
| Managing Director | Gilbert Ghostine |
Contact them – 166, South Tukoganj, Rnt Marg, Rnt Marg, Indore, Madhya Pradesh 452001
4. Fresenius Kabi:
Key Highlights: 4.2 stars rating based on 884 reviews at Ambition Box
Fresenius Kabi was established in the year 1955. The company is a global healthcare company that specializes in lifesaving medicines and technologies for infusion, transfusion, and clinical nutrition. Their products and services are used to help care for critically and chronically ill patients. The company reported $2.8 billion in revenue in 2016. Fresenius is a global healthcare group offering high-quality products and services for dialysis, hospitals, and outpatient treatment.
With over 280,000 employees in more than 100 countries around the globe, and annual sales exceeding €30 billion, Fresenius is one of the world’s leading healthcare companies. Success in their business is the key to investing in high-quality yet affordable healthcare. In this way, they are meeting our social responsibility to help patients, while ensuring that Fresenius remains successful over the long term. Their business can be broadly classified into four therapeutic areas
- Clinical Nutrition which offers parental and enteral nutrition products,
- V drugs which formulate intravenously administered generic drugs such as Oncology drugs, Anesthetics & Analgesics, Anti-infective & Critical Care drugs
- Infusion therapy that includes infusion solutions
- Colloids, Medical Devices (Transfusion Technology/Infusion Technology) offers pumps, disposables, Infusion management systems, and products for collections & processing of blood components & for therapeutic treatment of patients’ blood by apheresis systems.
| Established Year | 1955 |
| GST No. | 36AAACF2614E1Z6 |
| Drug License | Yes |
| Product Range | NA |
| Major Categories | Injectable drugs and delivery systems. |
| Total No. of Employees | 3,16,078 |
| Managing Director | Prakash Patil |
Contact them – Fresenius Kabi India Pvt. Ltd. Fifth Floor, A Wing, Ashoka Plaza Pune-Nagar Road, Survey No. 32/2
Vadgaon Sheri, Viman Nagar Pune – 411 014 (India)
5. Endo Pharmaceuticals Inc.:
Key Highlights: 3.6 stars rating based on 308 reviews at Glassdoor
The company was established in the year 1997. Endo International plc is a highly focused generic pharma product and specialty branded pharmaceutical company delivering quality medicines through excellence in development, manufacturing, and commercialization. Reported $2.5 billion in revenue in 2016. Through their operating companies – Endo Pharmaceuticals, Par Pharmaceutical, and Paladin Labs – Endo is dedicated to serving patients in need.
Par is advancing the research and development (R&D) pipeline of approximately 200 potential new products. It is an operating company of Endo International plc, a highly focused generics and specialty branded pharmaceutical company delivering quality medicines to patients through excellence in development, manufacturing, and commercialization. The company is one of the leading Generic Pharma Companies in Tamil Nadu India.
They offer products in a wide variety of therapeutic categories, including
- antihypertensives
- analgesics
- antibiotics
- cough/cold
- antidepressants
- antipsychotics as well as others.
Consumers can find their products at major retailers, as well as locally owned and operated pharmacies.
| Established Year | 1997 |
| GST No. | 27AAACC2463N1ZI |
| Drug License | Yes |
| Product Range | 28 drugs |
| Major Categories | Specialty medicines, Sterile injectables, Generics, Ready-to-use, and Branded prescription products. |
| Total No. of Employees | between 1,001 and 5,000 |
| Managing Director | Blaise Coleman |
Contact them – Robert V Chandran Tower, 5th Floor No.149 Velachery Tambaram Main Road, Pallikaranai, Chennai
Tamilnadu, India 600100
6. Torque Pharmaceutical (Top Generic Pharma Companies in India):
Torque Pharmaceutical was established in the year 1985. The company with a Paltry Investment of 240,000 INR (US$18000), has become the leading Generic Pharma Company in Bangalore Andhra Pradesh India. Torque offers the largest portfolio of safe and effective generic products on the market covering major therapeutic categories. The Company complies with all requirements laid down under Schedule M – GMP of the Drugs and Cosmetics Act. The company currently complies with ISO: 9001:2015 Certification in addition to the above certifications.
The range of products includes:
- Dry Syrups
- External Preparations
- Eye/Ear Drops
- Injections
- Oral Liquids
- Tablets
- Export Products
Torque has taken a huge leap in terms of production, positioning, and presence globally and ultimately has come up as the fastest-growing pharmaceutical company. Through research and development activities, their expert team is always committed to finding better alternatives to more expensive and less feasible generic products, which can be mass-produced for the benefit of entire mankind at affordable rates.
| Established Year | 1985 |
| GST No. | 19AABCT1244P1Z0 |
| Drug License | Yes |
| Product Range | NA |
| Major Categories | Capsules, Dry Syrups, External Preparations, Eye/Ear Drops, Injections, Oral Liquids. |
| Total No. of Employees | 51 to 200 |
| Managing Director | Amar Iqbal Singh and Mandeep Singh. |
Contact them – Torque Pharmaceuticals Pvt. Ltd. P. No. 37/1 Upper Basement, Railway Parallel Road, Yeshwantpur, Bengaluru – 560 022
7. Hospira, Inc.:
Key Highlights: 3.5 stars rating based on 682 reviews at Glassdoor
Hospira is a global specialty pharmaceutical and medication delivery company dedicated to Advancing Wellness™ by developing, manufacturing, and marketing products that improve the productivity, safety, and efficacy of patient care. In February 2007, Hospira acquired MaynePharma Limited to become the world leader in specialty generic injectable pharmaceuticals.
Through its offering of high-quality, lower-cost alternatives to proprietary medications, Hospira continues to help reduce the overall costs of healthcare medicines. This tamil nadu based pharma company improves the financial strength of the global healthcare system. Hospira has a leading position in the manufacture and supply of a broad range of hospital products, including:
- Specialty injectables (including generic acute-care and oncology injectables, intensive-care proprietary pharmaceuticals
- iSecure™ syringe
- a pre-filled
- ready-to-use
- disposable syringe
- Medication management systems (including electronic infusion pumps and the HospiraMedNet® software system)
- Infusion therapy solutions/supplies (including the VisIV™ next-generation container)
- Critical care devices
- Third-party contract manufacturing, which leverages Hospira’s expertise in pharmaceutical manufacturing
| Established Year | 2004 |
| GST No. | 33AABCO2190F1ZT |
| Drug License | Yes |
| Product Range | NA |
| Major Categories | Injectable pharmaceuticals, medication delivery systems, and critical care devices. |
| Total No. of Employees | 19,000 employees. |
| Managing Director | Sindhu Hari Govind Nair, Prasanna Kumar and Sunitha Raghav. |
Contact them – 5, Gopathi Narayanaswami Chetty Road, Parthasarathy Puram, T Nagar, Chennai, Tamil Nadu 600017
8. Sain Medicaments Pvt. Ltd.:
Sain Medicaments Pvt. Ltd. is a leading generic pharmaceutical company and was established in the early 1970s. The company offers distinctive generic drugs that are the best in quality and safe to use. These drugs are highlighted with definite peace, purity, and no reactions. Offered drugs by generic pharmaceutical companies are given under the prescription of a specialist. Pharmaceutical Drugs are utilized to cure different physical issues. They are involved in Manufacturing, supplying, and exporting generic pharmaceutical medicines all over India.
SAIN Medicaments Pvt. Ltd., the flagship company of the group, manufactures various forms of medicines like TABLETS, CAPSULES, SYRUPS, DRY SYRUPS, and SUSPENSIONS. Every product of the company stands for quality, trust, and care. Their products go through a rigorous check before reaching the market, which assures the outstanding quality of each product. The company is one of the leading Generic Pharma Companies in Telangana, India range includes:
- Cardiac
- Analgesic
- Anti-Inflammatory
- Hypoglycaemic Agents
- antipyretics
- Anti Retro-Virals
- Psychotropics
- Anti-Ulcerants Antacids
- Anti-Diarrhoeal
- Nutritional / Dietary Supplements
- Anti-Spasmodics, Anti-Helmentic
- Miscellaneous Drugs
- Anti Cancer
- Ayurveda Products
- Derma
- Anti Biotics
- Beta Lactum
- Cephalosporins
- Fluoroquinolones etc.
Being dedicated to this healthcare service for the past many years, the company has successfully carved a niche for its presence felt strongly both in the domestic as well as international markets.
| Established Year | 1973 |
| GST No. | 36AACCS8292F1Z3 |
| Drug License | Yes |
| Product Range | 400 products |
| Major Categories | Cardiac · ANALGESIC, ANTI-INFLAMMATORY, ANTI-PYRETICS · PSYCHOTROPICS · ANTI-ULCERANTS, ANTIACIDS · HYPOGLYCAEMIC AGENTS. |
| Total No. of Employees | 201–500 |
| Managing Director | Girish Gupta, Kumud Agarwal, Sumit Agarwal, and Manmeet Agarwal. |
Contact them – P-2/4914024750811, I. D. A Uppal, Hyderabad, Telangana 500039
9. Krka Pharmaceutical:
Krka Pharmaceutical is in the list of the top generic pharma companies in India. The company’s focus is on the development of high-quality own-brand generic pharmaceuticals, which offer added value and are marketed under Krka’s own brands. Worldwide, Krka posted just 1% growth in generics sales, bringing in $1.3 billion last year. Its share of the global generics market fell to 1.8%. Western sanctions against Russia and a weak oil market were partly to blame for the region’s economic instability during the period.
The company develops and markets high-quality generic products at accessible prices that have made Krka a recognizable name in many parts of the world. Their generic pharmaceuticals are based on their own innovative procedures for synthesizing or isolating active pharmaceutical ingredients and our own innovative pharmaceutical formulations. Today, they have over 350 patent-protected innovations for which numerous patents have been issued in various European, American, and Asian countries.
Some of their generic product range involves:
- acyclovir
- alprazolam
- ambroxol
- amylase
- amiodarone
- amoxicillin
- amoxicillin + clavulanic acid
- benzathine phenoxymethylpenicillin
- bisacodyl alendronate etc.
| Established Year | 1954 |
| GST No. | NA |
| Drug License | Yes |
| Product Range | 497 |
| Major Categories | High-quality prescription pharmaceuticals, non-prescription products and animal health products. |
| Total No. of Employees | 12,500 |
| Managing Director | Dr. Aleš Rotar. |
Contact them – Director Peter Grdešič 2 nd Floor, Evoma Business Incubation Facility # 88 Borewell Road Whitefield 560066 Bangalore
10. Zydus Cadila (Best Generic Pharma Companies in India):
Key Highlights: 723 review & 4.3 stars rating at Glassdoor
Zydus Cadila is headquartered in Ahmedabad, India, and ranks 4th among the Indian pharmaceutical companies based in Gujarat. The company was able to break the $1 billion mark for generics sales last year, jumping to $1.2 billion in sales in 2014 from $900 million in 2013. The company was founded in the year 1952. In India, Zydus launched more than 55 products, 19 of which were first-time launches, including adalimumab, the world’s first biosimilar of the $11 billion arthritis treatment Humira.
Some of their generic product range includes:
- Acefex forte Tab
- Acefex P Tab
- Activa Inj.
- Activa Gel
- Alermed – 120 Tab
- Alpracad Tab
- Amee Inj.
- Amlodus At Tab
- Becomed Inj.
- Boss – q Plustab
- Cadabolic Inj
- Cadiceft Inj.
- Cadicylin 250 Cap
- Cadimycetin Cap etc.
Zydus Cadila is mainly involved in the manufacturing and commercialization of both small-molecule, biological drugs and vaccines intended for the prevention and treatment of various diseases in the field of
- Oncology
- Hepatology
- Nephrology
- Rheumatology
- Ophthalmology and bone health.
The company is also involved in the development of capabilities covering fusion proteins, monoclonal antibodies, antibody-drug conjugates, and vaccines. It has a robust pipeline comprising next-generation biosimilars and novel biologicals.
| Established Year | 1952 |
| GST No. | 06AAACC6253G1ZX. |
| Drug License | Yes |
| Product Range | NA |
| Major Categories | Injections, Tablets, Granules, Respicaps, and inhalers, Forte inhalers and respicaps. |
| Total No. of Employees | 13,000 |
| Managing Director | Pankaj R. Patel, Dr. Sharvil P. Patel, Mukesh M. Patel. |
Contact them – Sarkhej – Gandhinagar Hwy, Near ISKON Cross Road, Satellite, Ahmedabad, Gujarat 380015
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Top 5 Generic Pharma Companies and their statistics
The global generic pharma companies continue to grow and maintain their growth in the present time. With the increase in demand for more accessible medication, pharmaceutical companies are harnessing the benefits offered by generic drugs. Efficient and inexpensive drugs are always needed, making this a growing market for drug makers. Here are the top five generic drug makers by revenue.
1. Teva Pharmaceutical Industries Ltd – $18.9 billion
The company launched generic versions of drugs such as
- Estrace®
- Syprine®
- Solodyn®
- Aloxi®
- Lialda®
- Uceris®
- and Elidel® in the region in 2018.
2. Mylan NV – $4 billion
The company earned net revenues of $4.09bn in North America and $4.15bn in Europe. The company launched more than ten complex generics and biosimilar products in 2018, such as
- Bivalirudin (generic Angiomax®)
- Tadalafil (generic Adcirca®)
- Dalfampridine (generic Ampyra®), and
- Mesalamine Rectal Suppository (generic of Allergan’s Canasa® Rectal Suppository).
3. Sandoz – $9.9 billion
Sandoz, the generics division of Novartis, accounts for approximately 19% of the group’s net sales. Key retail generic products launched by the company in the US include
- Glatopa (generic Copaxone®)
- palonosetron hydrochloride injection (generic Aloxi®), and
- generic bupropion XL.
4. Sun Pharmaceuticals – $4 billion
Sun Pharmaceutical Industries (Sun Pharma) recorded net sales of approximately $4.11bn in 2018. The company’s major launch in 2018 was that of generic Coreg CR® in the US. Sun Pharma has a pipeline of 123 ANDAs and six new drug applications (NDAs) under review, which includes complex generics combinations, first-to-file opportunities, and pure generics.
5. Lupin Pharmaceuticals – $2.3 billion
Lupin’s generics business accounted for 90% of the company’s total revenues in the US in 2018. The IQVIA Generics Module ranked 51 out of the 157 generic products the company markets as number one by market share in the US, as of March 2018.
Important FAQs on Generic Medicine Companies
What is a Generic Pharmaceutical Company?
Generic medicine companies are the companies that provide medicine at the manufacturing costs only. The cost of medical research and development is not included in it. The prices of the medicines are very low so that the less wealthy countries or people can afford them.
Are branded medicines better than generic ones?
No, it is notthat both medicines have the same active pharmaceutical ingredients. So, both have the same effect.
Which are the biggest Generic Medicine Companies in the World?
From the sources of web and market reputation following are the companies eligible on the list.
- Pfizer INC.
- Roche
- Mylan
- Cipla LTD.
- Novartis
- Teva Pharmaceuticals
- Sanofi
- Sun Pharmaceuticals
- Dr. Reddy’s Laboratories
- Lupin
- Aurobindo Pharmaceuticals
- Alkem Laboratories
- Glenmark Pharmaceuticals
- Allergan
- Viatris
- Amneal Pharmaceuticals.
How to choose the best Generic pharma manufacturer in India?
The process of selecting the best Indian manufacturer of generic pharmaceuticals involves several factors and one of those is the certification from WHO-GMP, which speaks of quality production, the volume of production that is being capacity and the experience in the generic medicines area.
Will the leading companies of generic pharmaceuticals manufacture products under our brand name?
Most of the leading companies provide third-party and private-label manufacturing, hence the answer is yes.
Do we have to provide an order size or quantity of quantities for medicines to hire a generic manufacturer?
Pharmaceutical manufacturers always have some order quantity and order size that needs to be booked to avail the services. The order is not very large, and even small-scale companies can get it.
Can we produce different dosage forms with just one generic pharma partner?
A partner like that can be found in many top manufacturers, as they will manage the production of tablets, capsules, syrups, injections, and more, all at one location.
Are Indian generic pharmaceutical manufacturers a good fit for export-oriented businesses like ours?
They are a good fit as many companies meet international standards and supply to regulated global markets.
Do all the manufacturers mentioned follow the rules set the the regulatory authorities?
All the manufacturers mentioned above follow the strict rules and regulations for manufacturing set by the ISO and GMP authorities.
How much do we have to spend to get the manufacturing services?
The prices are reasonable, and the pharma companies that have less budget can also afford the services.
Conclusion:
In my blog, you will find analytical profiles of the Top 10 Generic Pharma Companies in India. We have analyzed and compared the historical data, activities, revenue forecasts, and growth rates of our listed generic companies.
