Study: My Understanding of Medicines

Things to Know Regarding Generic Medications Generic medications are certainly much cheaper than the branded counterparts. Through these, the consumers can save a lot of money every year when they would go for the generic ones instead of those branded medicines. Such drugs can be very cheap when it comes to their price but they are really the same with the branded ones when you talk of the chemical composition. Just the same with their innovative counterparts, they are the same with the generic medications. Also, they have the same dosage, strength and route of administration. You should be aware that the generic medication are similar with the branded versions. They are effective in dealing with the patients’ symptoms. Since they work similarly, the patient can expect the same quality without the need to spend so much money. The FDA is also able to provide the assurance that generic medications have the same purity, strength and stability like the branded counterparts. It is just the company that developed the drug that is able to sell this while the patent of the drug is still in effect. The patent is there to protect the company’s investments on drug development. This is the reason why no other pharmaceutical company can sell or produce the drug. However, the exclusivity period eventually expires. A lot of the patents which are given to the drug companies last for 20 years. If the patent doesn’t cover the drug anymore, the pharmaceutical company may apply to the FDA for right to sell such drug as a generic product. To ensure that end users can receive the same care that they get from the branded medications, the FDA approves the generic drugs which are able to meet the highest standards. This is how the generic versions have been available to the public.
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When the drug is not covered by the patent, the companies aside from the primary developer can then manufacture such drug and sell this as the generic version. Other companies that want to join in the tray don’t need to invest on the drug development anymore. Since they don’t have to spend on the important aspects, then the medicines are made available at a much cheaper price. This is why you can purchase the generic medicines at more affordable costs. However, the companies which have produced the drugs for the purpose of marketing to the masses should still meet the requirements necessitated by the FDA and they show that the drugs work just as they should.
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But, you cannot find the generic counterpart in all of the branded drugs. Those drugs having the generic counterparts are safe to use though these medicines can be easily purchased from the pharmacy without any prescription from the doctor.