| These days you can hear a lot about generic medical products. But most people do not know for sure what generics imply. And as a consequence they are careful not to use generic drugs although they are significantly cheaper than brand name medicinal products. At the same time people who realize what generic medical products constitute commonly give preference to such medical products and save a considerable sum of money.
First of all, you need to know that generics have the same composition like brand name medications, including active ingredients and excipients. It implies that generic drugs are identical to brand name medicinal products in efficiency, purpose, strength, side effects, contraindications and other parameters. Sometimes generic drugs have a slightly different composition of excipients, but it doesn't influence the effectiveness of the medication. The action of any medication is conditioned to the active ingredient, and active ingredient is always the same in brand name products and generics. Before allowing generic drugs to the pharmaceutical market the study of bioequivalence is held. Branded drug and the generic one are regarded as bioequivalent in case 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.
Taking into consideration that branded medications are new, their producers have to conduct full range of researches and to invest significantly to the marketing of this product. Moreover, acquiring of patent for the new drug is also quite expensive. As a result, all these costs are included in the price for the drug. That is the reason why branded drugs are generally of high price. As soon as the patent is finished other producers get an opportunity to produce generic medical products that are identical in composition to the brand name product. Taking into consideration that generic manufacturers don't have any research and development expenses, and no patent costs, they are able to offer significantly lower price for their drugs.
In conclusion, the market of generic products allows you to obtain high-quality medicines, but at a moderate price. |
