Generic Medicine is a Revolutionary Change for life Saving Medication

What is Generic Medicine

The generic drug are the pharmaceutical drug that is the exact copy of branded drugs with same effects ricks strength as the original. It has equivalent effects as branded drugs. Generic medicine are cost effective and have significantly reduce the price upto 90% from branded drugs. India is the leading exporter of generic medicine. Earlier the cost of medicines was very high. Now a day the cost of generic medicines is very effective with almost the same cure rate. They produce after the original patent has been expired. New formulation of drug should meet the standard set by FDA

Branded v/s Generic medicine

Many people become concerned because generic drugs are often cheaper than branded medicine. But the fact is Generic drugs are exactly containing the same safety, and strength as the original drug. Cost is the main difference between generic and brand name. The FDA applies the same standards for all drug manufacturing facilities, and many companies manufacture both brand-name and generic drugs. Generic drugs may also have a different expiration date than brand-name drugs.

Bioequivalent

It refers to the same or exact copy of the drug according to FDA generic medicine should meet the exact standardof branded drugs. It must contain 80% to 125% of active ingredient that is present in branded drugs.

Why generic medicine is cost effective?

The main reason of low cost is they don’t have to face brand-name and manufacturing cost. Whereas the brand-name maker often invented the drug, a process that can cost hundreds of millions of dollars. Also, they have higher initial costs to develop, market. According to the FDA, the cost of generic medications, on average, 80 to 90 percent less than the brand-name.

SOURCE: CHAWLA MEDICOS