Generic Medicines Counterparts Of Branded Drugs

Generic medicines are replicas of brand name drugs that have almost the same amount, intended use, effects, and side effects, method of administration, threats, safety, and potency as the original medication. In other words, their pharmacological properties are exactly the same as those of their brand counterparts. Generic medicines maintain the original formula and the dynamic components of the drug investigated previously. Generic drugs only catch a shortcut to patent the procedure and the research process and these two reasons make all the distinction in the cost of the generic drug.

All Generic medicines are reviewed and approved by the United States Food and Drug Administration (FDA) or in other countries by a corresponding centralized regulatory body. Generics are usually much less expensive than their brand counterparts. This price difference is mainly due to the high cost of research and development and the promotion associated with the production of brand name drugs. Generic medicines are less expensive to produce because manufacturers of Generic medicines do not have the costs of study, development, advertising, and marketing that the developer of new Generic drugs has. This allows the producer to sell their products at a lower price.

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