| Today you can hear a lot about generic medical products. But most people do not know for certain what generic medicinal products signify. And in result they are afraid to apply generic drugs though they are much cheaper than brand name medicinal products. At the same time people that realize what generic medicinal products constitute generally show preference to such medicines and save a lot of money.
First of all, you should know that generic drugs have the same composition as brand name medications, including active ingredients and excipients. It means that generic drugs are identical to branded medications in efficiency, indications, strength, side effects, contraindications and other parameters. Sometimes generic medications have a slightly different composition of excipients, but it does not have influence on the effectiveness of the medication. The action of any medication is conditioned to the active substance, and active ingredient is always the same in brand name products and generic medicinal products. Prior to allowing generics to the pharmaceutical market the bioequivalence study is held. Brand name medicine and the generic one are considered to be bioequivalent if the rate and availability after administration in an identical quantity show the same effect. In case two medicines are considered to be bioequivalent it means that they are identical and interchangeable.
Taking into consideration that brand name products are new, their manufacturers have to hold different types of researches and to invest significantly to the marketing of this product. Furthermore, acquiring of patent for the drug is also rather expensive. In result, all the expenses are included in the price for the medical product. That's the reason why branded medicines are commonly of high price. When the patent is finished other producers get a chance to manufacture generic medical products that are identical to the branded product. Taking into account that generic manufacturers don't have any R&D expenses, and no patent expenditure, they can offer significantly lower price for their drugs.
As a result, the market of generic medications allows you to obtain high-quality medicines, but at an affordable price. |
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