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Advantages Of Generic Medication
- 1. Benefits Of Generic Medications
What Are Generic Drugs?
Generic drugs have the same active
ingredient as their branded equivalent
Produces the same therapeutic effect
Generic drug is a copy of a brand-name
drug
Has the same quality, same safety,
same strength as the branded equivalent.
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- 2. Benefits Of Generic Medications
Generic Medications use the same
ingredients and work the same in the body
Have the same risk to benefit profile
Delivers the same amount of active
ingredient in the same time as the original
drug
Both brand name and generic drugs are
approved by the FDA and must meet the
same FDA standards for quality
© The Swiss Pharmacy, Geneva Switzerland
- 3. Benefits Of Generic Medications
Generic Drug is “bioequivalent” to the
brand-name drug
Active ingredient works in the same way
as in the branded medication
The active ingredient works in the same
amount of time
© The Swiss Pharmacy, Geneva Switzerland
- 4. Benefits Of Generic Medications
Why are Generic Medications Cheap?
The drugs no longer are protected by patents,
there is an increase of competition among
producers as there are several producers
manufacturing the same medication under
different trade names.
© The Swiss Pharmacy, Geneva Switzerland
- 5. Benefits Of Generic Medications
Companies that manufacture generic medications
incur fewer costs in creating the generic drug as
several costs such as drug discovery, research and
development, clinical trials etc are not required.
Generic manufacturers also do not bear the costs
associated with proving the safety and efficacy of the
drugs through clinical trials, since these trials have
already been conducted by the brand name company
that held the patent for the same.
© The Swiss Pharmacy, Geneva Switzerland
- 6. Benefits Of Generic Medications
Costs of Generic Medications are very low and
affordable to even low income groups
Generic Medications are a low cost alternative to
branded drugs and provide us with exactly the same
benefit. Using Generic Medications is therefore a smart
choice.
© The Swiss Pharmacy, Geneva Switzerland