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Why Generics?
Generics Vs Brand Medications
A generic medication is a medication that is manufactured and distributed without a patent. Nevertheless, generic drugs must be approved by the local Food and Drug Administration (FDA) in order to be legally sold. One of the biggest advantages of these products is that they contain the exact same active ingredients as brand name medication, since they are equivalent or identical to their counterparts regarding chemical properties. Therefore, generics have the same dose, safety, reliability, strength, efficacy, route of administration and intended use.
Most of the times, generic drugs are available only when the developer's original patent has expired. This creates a healthy competition of brands and pharmacies once this patent is over, because it causes lower prices and better offers. The time taken for a generic product to appear in the market varies a lot, but users can be certain that they are buying high-quality medication.
Why Generics
The difference between brand name and generic products is almost transparent. As explained before, once the patent has expired, a generic medication can make its triumphant entrance into the market. Generics need to comply with all the requirements listed below to be approved for sale. However, the new pills can vary in shape, color, taste, packaging, preservatives and even inactive ingredients. Besides, the price also varies, being the generic the cheapest one. People can save up to 70% buying generic drugs.
There is no real difference between the two products; generics are considered a therapeutic equivalent, meaning that the follow the same path of distribution, elimination and metabolism in the body.
Cheaper Cost
Generic Medication usually costs much less money because once drugs are not protected by a patent, the competition between manufactures increases. This leads to relatively low prices and better access to the drug. Manufacturing companies have fewer expenses when they create and advertise the product, thus, they are capable of maintaining a profit even with cheap sales.
Moreover, generic drug manufacturers gain followers from the previous publicity made for the brand name drugs. By the time generic products are on the market, the original product has been going on for at least 10 years. This creates a curiosity in people's mind to try the generic product, which causes a practice that might produce positive results in both the manufacturer's pocket and patients dealing with particular conditions.
