Importance & Excellent Benefits of Using Generic Drugs
We are all living in a world where diseases are quite common, and we all have taken some drugs during our lifetime. As drug research is too costly, therefore the prices of the drugs are too high; thus, in most cases, it is merely impossible for a common man to afford them. For this reason, generic drugs are introduced; you must be wondering what a generic drug is? In layman terms, generic drugs are equivalent to a brand name product in dosage, strength, kinetics and quality. Besides the cost, the generic medicines offer a range of benefits that are as follows:
- Effective as their Brand Name Equivalent: They are as effective as the same as their brand name equivalent in a number categories including strength, and dosage, etc.
- Save Money with Generic: Generic drugs can cost an estimated 85 per cent less than the medicines manufactured by original manufacturers.
- Easily Accessible: When some drugs are in the high demand, there can be a shortage, but with generic drugs, this is not the case as it is widely available in the market for the consumer.
After reading the above points, you must be thinking that why not every medicine is available as generic medicines, the reason is that some drugs are manufactured under the patient protection. In most cases, this patient validity is for 20 years. When the patent is one the verge of expiration, different companies can apply for the patent to the regulatory body to start selling the generic version of that medicine.
The next question you must be thinking is that who can manufacture these generic drugs, and the answer is any pharmaceutical company can apply for that in the regulatory body, once the patient expiration date is one the verge of collapse. You must have heard another term such as branded generic medicine, and this is a term used for medications whose manufacturing part is taken by branded companies.
Difference between Generic and Branded Medicines
Now from above, you must be thinking that there is no actual difference between generic and branded medicine. Still, in reality, the generic version of treatment will differ in specific characteristics, such as inactive ingredients (Coloring). Even though particular features may vary, but when it comes to performance characteristics, safety or effectiveness, there is no difference at all. The other notable difference is the brand name, and if a customer is concerned about inactive ingredients, he can always buy the branded medicine from the market.
Ways to differentiate between a generic medicine and Branded medicines
The only way to differentiate between the branded and the generic medicines is the cost. There are no other possible ways to find the difference between them. Price is the only parameter that differs between them; the generic medicines are way cheaper than the branded ones. Thus, allowing access to treatment to our middle class who cannot afford branded drugs.
Now that we have understood the difference between branded and generic medicine, it always becomes essential to choose the Trusted Source of the treatment to buy quality pharmacy online.