Main cause of generic flood is joint & contract bioequivalence test

The Ministry of Food and Drug Safety’s(MFDS) plan to ease regulations have flooded generics in the market, which led to illegal business activities, such as provision of illegal rebates.

According to the Ministry of Food and Drug Safety, the joint & contract bioequivalence test which was allowed at the end of 2011 have accelerated growth of generic products approved through bioequivalence test...