Generic drugs cover 50% of all prescriptions in the US
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About 50% of all prescriptions in the United States, and more than 40% of all prescriptions in Canada are filled with generic medications. With such a huge popularity, Generic drugs undoubtedly provide a major benefit to the society. The healthcare systems save a lot of money by the use of cost-effective generics.
The brand name is the name under which a new innovator medication is developed
and marketed. When a pharmaceutical company develops a new medication, they
obtain patent for it. Brands are usually given patent protection for about 20 years.
When the patent of a brand-name drug expires, other companies are allowed introduce its generic version.
Generics are as safe and effective as the brand-name drugs. They show exactly the same pharmacological and clinical effects, and have the same risks and benefits as the brand-name products.
The generic products must be bioequivalent to the originator medication. As generic
drugs contain the same active substance, there is no necessity to repeat the
pharmacological and clinical tests made with the original. Instead, they are replaced
by bioequivalence studies. Both drugs are considered bioequivalent when they show
same rate and extent of absorption in the human organism.
Both brands and generics are of the same quality as their facilities have to meet the same strict production standards of Good Manufacturing Practice established by FDA.
Generic drugs are considerably less expensive than the brand-name products, as the
generic manufacturers do not have the costs necessary for development of an
original product. The price of the generics is 70% to 90% lower than the price of the
equivalent brands.
About the Author
Hi guys.i am Rickey Mills.i am a associated editor to the website trustpharma.com. It is committed to provide visitors with complete information on generic drugs like Meltabs,Zenegra,Meltabs ,Forzest,Penegra,Edegra, Kamagra,Tadalis and online generic drugs by latest news, and articles on generic drugs related topics.
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