Thursday, 22 June 2017

Generic medicines: A great alternative



The greatest wealth is health. If you are healthy physically and mentally the whole family is healthy. With the rising prices of medicines and drugs, it was becoming very difficult for everyone to be in proper health. Not everyone is able to afford a fortune for their treatment. That is why it was important to find a cheaper and better solution to healthcare.

Generic medicines were introduced then as a cure for costly medicines. These are the exact copies of the brand name medicines taken for similar symptoms, same causes, taken in exactly the same dosage, has similar effect and side-effects in the body. The brand name medicines are the medicines that are first made/ launched by a company. It is chemically and biologically verified and passed on further to get license and permission to be distributed in the market. These medicines get the FDA approval and patents for few years to be marketed solely. The patents protect the drug manufacturing company and allow it to be the only seller in the market so that their manufacturing expenses are all covered up and they get some profit. After the patent expires, others can also use the same chemical formula and make that medicine. Also, they get the license to sell it in the market at remarkably lower prices. About 30-60% of the price is reduced and sold. These medicines are called Generic medicines. Because of them, the competition decreases and cost of the medicine reduces.

Coming to whether these medicines are as effective as their brand-name counterparts, the answer is yes. They are chemically the same and as effective as the brand name medicines. The Generic medicines also have the license approved by FDA, so they are completely safe.

Now no need to worry about the money when it comes to health. Keep yourself and your family healthy and happy.

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