(Ghemawat, 2007) Generics have become big business. While much of the success of generics is due to drugs coming off of patents, additional success coming in the form of administrative arbitrage. Case in point is Teva, the world’s largest manufacturer of Generics. Teva took advantage of a loophole that allowed local companies copy drugs patented overseas if their owners didn’t market them locally...
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Case in point is Teva, the world’s largest manufacturer of Generics. Teva took advantage of a loophole that allowed local companies copy drugs patented overseas if their owners didn’t market them locally. (Ghemawat, 2007) This allowed generics to enter the fray and cut their teeth in order to learn and perfect their processes...
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