| These days you can hear a lot about generic drugs. But most people don't know for certain what generic drugs mean. And in result they are afraid to use generic medications though they are considerably cheaper than branded drugs. Meanwhile, people that understand what generic medicines constitute commonly show preference to such medicines and save a considerable sum of money.
First of all, you need to know that generic medications have the same composition like brand name medications, including active substances and in-active substances. It signifies that generic medications are identical to branded medical products in effectiveness, indications, strength, side effects and other parameters. Sometimes generic products have a different composition of in-active substances, but it does not influence the efficiency of the drug. The action of any drug is conditioned to the active ingredient, and active ingredient is always the same in original products and generic drugs. Prior to permitting generic medicines to the pharmaceutical market the study of bioequivalence is conducted. Branded product and the generic one are regarded as bioequivalent in case the rate and availability after administration in an identical quantity show the same effect. If 2 medicines are considered to be bioequivalent it signifies that they are interchangeable.
Taking into consideration that brand name drugs are new, their manufacturers need to hold different sorts of investigations and to invest significantly to the marketing of this product. What is more, acquiring of patent for the drug is also rather expensive. In result, all these costs are included in the price for the medicinal product. That is why brand name drugs are commonly of high price. When the patent is ending other producers have an opportunity to produce generic medical products that are identical in composition to the brand name product. Taking into consideration that generic manufacturers don't have any research and development expenses, and no patent expenditure, they can offer considerably lower price for their medicines.
In conclusion, the market of generic medical products allows you to acquire qualitative medicines, but at a reduced price. |
