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Advantages of Generic Drugs?

Generic means a replica of the original product. A generic product comes into being when the patent of the original product expires. In terms of safety, quality, performance and route of administration, generic products are as effective as their brand equivalent. With the effect being same as the brand name, generic products are available for a cheaper price.

It is known that when a patent on the product expires, other companies or the same company make the generic version. Generic products are manufactured in the same way as the brand name products. These products cost less mainly because of less advertising and marketing strategies.

Generic products are known to be as safe as the brand name products, as they meet with the same rigorous standards set by the Drug Administration. It works in the same manner as its brand name counterpart. It delivers within the same amount of time frame and with the same effect. The side effects of the generic products are the same as those of the brand name products.

Doctors are known to choose generic products over the brand name products, as it has often proved to be more effective as compared to its brand name. Around 80 percent of all generic products are made by the same company which makes the brand name.

Generic Drugs are safe

• All products are reviewed for its safety and effectiveness by the food and drug administration.
• The manufacturer has to provide adequate proof. It has the same chemical compound as compared to the brand name.
• The product has to match up the standards regarding the amount of active ingredients and the speed absorption into the body.
• The quality remains the same with better value.

Reliability is the main issue that is highly considered while opting for any medication. Truly, health is the biggest concern of a person. And as they say, “Health is wealth.” People always question the credibility of a medicine no matter whether it’s a branded version or a generic one. There is always a hesitation prevailing before consuming a drug. Therefore it’s natural for people to question the dependability of a generic drug.

People normally underestimate the credibility of a generic drug. It’s because they measure products with their price. They think the more the price is the better the quality is. But it’s not the same with each and every product. One can produce a same product with the same quality investing a much lower price and sell it without going for advertisement and promotions.

The same thing happens with the case of generic drugs. As a generic drug is a replica of the brand drug, the generic drug manufacturer doesn’t have to invest in research and development purpose. The same exact formula of the branded version is applied to the production of the generic version. And as the branded version has already popularized the name, the generic version doesn’t need to invest anything for further promotion. And as per economics, the less the production and promotion cost is, the less the selling price is.

Generic drugs follow the same good manufacturing practices as its brand product as FDA doesn’t allow any drug producing company to exist without following its good manufacturing guidelines. And above all, as it is already described that generic version is the replica of its branded version; it also takes the same main active ingredients of its branded version. Hence the safety and effectual is as same as the branded version.

Then what’s the difference between a generic drug and its branded version? FDA doesn’t allow a generic version to be a look alike of its branded version. Therefore you will find a slight or sometimes a huge difference in the structure of the generic version from the branded one. And of course, the package is also quite different. Most importantly, the biggest difference that a generic drug makes is to your wallet. Generic drugs don’t make your wallet as light as the brand drugs do.

Therefore if one thinks wisely, he can get the same advantage in lower price by opting for generic drugs. What’s there in a name, if you get the same safety and effectiveness in a lower price? Would you like to get holes in your pocket only for a name? Well, the decision rests with you.