Saturday, 20 June 2020

The Difference Between Generic and Branded Medicine

Generic medicine  have the same active ingredients and effects as branded
medicines, but there are many differences like color, shape packing or size. Generic
drugs are less expensive than brand name drugs.

Mostly Generic medicine are copies of the branded medicine which have the same
Active ingredients and their dosage form, Usage, Side Effect, Risk, Quality and
strength as The branded-name medicine.

Now a Days Many people prefer to use generic medicines as generic remedies are
often cheaper than the brand-name Medicine. Patient thinks if the quality and
effectiveness have been compromised to make the less expensive Generic products.
The use of generic Medicine is as safe and effective as brand-name Medicine.

The reason behind Generic drugs are more pocket friendly because the
manufacturers do not have the expenses of developing and marketing a new drug.
When company invents and develops a new drug onto the market, the firm has
already spent substantial money on research, development, marketing and
promotion of the drug. Even after developing the medicines there are so many
hidden expenses behind it.

The FDA applies the same standards for all drug manufacturing facilities, and many
companies manufacture both branded and generic drugs. The FDA estimates that
70% of generic drug production is doing by brand-name companies.
As the patent nears expiration, manufacturers can apply to the FDA for permission
to make and sell generic versions of the drug and without the startup costs for
development of the drug, other companies can afford to make and sell it more
cheaply. When multiple companies begin producing and selling a drug, the
competition among them can also drive the price down even further that means
indirect advantage for the patients.

On other hand Branded medicines are usually capitalized while generic medicines
are not. There is also a community who only choose branded medicines as they
believe in quality and standard of the products. As per my personal research
generic medicine takes more time to affect. branded medicines is a first medicine
so many people have mindset that it is best among its other generic products.

The generic drug has the same active ingredient as the brand-name drug. This
ingredient is the one that cures the patient; and other, inert ingredients, which give
the drug its colour, shape or taste, vary from the brand-name drug to the generics.
Thus in my opinion generic drugs are same safe as their branded-name drugs.

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