Generic Drugs: An affordable Option to the common man
admin on 12 24, 2009
Generic drug can be manufactured for only those branded drug whose patent is being expired or is not protected by the patent.Generic drugs costs are low not because they are of substandard quality. Their cost is low because generic drugs manufacturer doesn’t have to spend any time on the research of the drug as they only need to use the same formulation of the branded drug manufacturer.
Generic drugs are manufactured in the developing countries whose currency value is less in comparison to the developed countries. So, the consumers from US and European countries find generic drugs very cheap. Generic drugs manufacturing companies follow the standard manufacturing practices and which match with the standards put forth by the Food and Drug Administration (FDA) and WHO. The advertising and marketing is not required by the generic drugs because they get the benefit of the promotion and publicity done by the branded drugs manufacturer. This all benefits in combination allows the generic drugs manufacturer to keep the prices low and ultimately it turns to be money saving option for the generic drug manufacturer.
To confirm the effectiveness of the generic drugs a study was conducted in which the generic drugs were compared with the branded drugs. This study included the administration of the generic drugs and branded drugs, when given to the individuals having similar health problems. It was noted during the study that both generic as well as branded version showed the similar effects. Consumers should get rid of the misconception about the generic drugs and should ask confidently to their doctor to prescribe the generic drug. So, always remember that generic drugs are low in price and high in quality.
