Drugs & Medicines
Generic drugs are the perfect combination of the high quality and
low costs. The pricing of the generic drugs is about 60% to 70%
less than that of the branded drugs, and still they show the same
effect like the original medicines. There is no need to worry about
the safety of the generic drugs because they are finest quality
medicines manufactured in the world-class manufacturing units. Generic
drugs are no way can be considered as the low quality drugs because
they are manufactured by following the strictest guidelines put
forth by the Food and Drug Administration and WHO. Generic drugs
are approved to be sold in the market only when they prove their
efficacy without any serious side effects during the clinical trials.
Generic drugs can be manufactured for only those drugs that are
not protected by the patent or whose patent is being expired. The
main reason why the generic drugs are available for the very low
cost was that the no investment was done in the research of the
generic drugs as the generic drug manufacturer has to follow the
same formulation of the branded drug manufacturer. Thus, the considerable
amount of money is saved here. Generic drug manufacturer also gets
the benefits of the advertising and the marketing done by the branded
drug manufacturer. So, the generic drug manufacturers don’t
have to invest the money in these things.
Generic drugs are easily available in the market and they even
do not require the prescription depending on the rules in the country
in which you are buying them. Generic drugs are identical or bioequivalent
to the brand name counterpart with respect pharmacokinetic and pharmacodynamic
properties. Doctors also mention that because of the low prices
of generic drugs even the patients are happy to buy the generic
drugs. Even some patients are now asking the doctors if they know
the generic version of the branded drug, then please prescribe the
generic drug. Companies producing generic drugs have to no longer
spend the money on the drug discovery because they are using the
same formulation used by the branded drug manufacturer.
Generic drug companies have to follow the same procedure for the
manufacturing of the drug and to take in consideration that the
generic drug also produces similar effects. Generic drug companies
receive the benefit of the marketing and advertising effects put
by the brand-name drug companies. Thus, generic drug saves the lots
of money of the generic drug manufacturing companies. As a result
of the competition, the quality of the generic drug is improved
and the price of the generic drug is decreasing. The companies manufacturing
the generic drugs has now started sending the letters to the doctor’s
about the approval of the generic drug by FDA. Thus, doctor feels
that generic drugs are safe for prescribing to the patient. Thus,
doctor’s started recommending generic drugs to the patients.
Generic drugs are available at very much cheaper costs because
they are manufactured in the developing countries, thus the currency
value of that company is very less in comparison to the developed
countries. This is the reason why the customers in UK and US can
get these medicines at very less costs. A generic equivalent may
not always look like the brand-name drug, but the active ingredients
are regulated by the federal Food and Drug Administration. Medicines
are is the fourth basic necessity that is required by each and every
individual, no one can avoid them. But, due to the recession people
are now even thinking while buying the medicines. So, generic drugs
can be of the great help to the people because they will benefit
the customer with dual profits, one by curing their ailment and
next by saving their money. So, buy generic drugs to do substantial
savings.
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