Generic
Bazaar : A Podium For Dilate Generic Drugs Information
What are Generic Drugs?
A generic drug is a drug which is manufactured and marketed without
a brand name. A generic drug must have similar active ingredients as the
original one. In most cases, it is considered bioequivalent to its brand
name counterpart with respect to pharmacokinetic and pharmacodynamic properties.
Thereby, generics are anticipated to be identical in the regard of dosage,
strength, route of administration, safety, efficacy, and intended use.
In most cases, generic products are not available until the patent license
sanctioned to the primary developer gets expired. When generic products
are introduced into the market, the cut-throat market competition often
leads to substantial fall in to the prices of both brand name products
and generic versions.
What are the conditions underneath a generic version can be manufactured?
- When the patent for genuine drug got expired
- If generic maker certifies that genuine drug’s patent is either
unacceptable or will not be infringed.
- Generic versions can be manufactured of such brand name drugs which
don’t uphold patent.
- Generic drugs can be manufactured and distributed in those countries
wherein a patent(s) for
genuine drugs is/are not in force.
Why do Generic Drugs cost less?
The main major reason behind why generic drugs are offered on comparatively low cost lies with in their low-manufacturing cost. As unlike brand name drug manufacturers, generic drug makers do not pay heed to cost associated with research and development, and regulatory approval and marketing of the preparation, thus they are able to offer drugs on remarkably lower cost and are still able to sustain with effectiveness.
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