Knowledge About Generic Medicine

What is Generic Medicine?

Generic medicine is the same like any branded medicine, only deference is that not promoted or marketed. Hence the expenses of selling generic medicine is very less and retail price is very lower than branded medicine. Also generic medicine has same therapeutic results like branded medicine.

Why Are Generic Drugs Cheaper Than Brand-Name Drugs?

You may be wondering how a generic drug can be sold at a much lower price than a brand-name drug.

The difference in price has to do with the different costs that drugmakers have in bringing generics and brand-name drugs to the pharmacy shelf.

Making a new drug is expensive for a drugmaker. A manufacturer's costs for the launch of a new drug include money for:

    Research
    Large-scale drug testing
    Advertising, marketing, and promotion

The FDA has tried to balance the rights of the maker of brand-name drugs to recoup its investment with the rights of patients to have access to lower cost generic drugs. To help a drugmaker recover its costs, new brand-name drugs are given patent protection when they are first sold.

The patent gives a drugmaker exclusive rights to produce and sell the drug for a limited time. The average time a brand-name drug is protected by the patent after it hits the market is 12 years.

When the patent ends, other companies are allowed to make and sell a generic version. The generic drugmaker's costs are relatively low because the product has already been developed and tested by the brand-name company.

So makers of generic drugs can pass the savings along in the form of lower prices to pharmacies, and ultimately, to us. The competition among multiple companies producing a generic version of a drug also helps keep the price low.

Who will be benefited through Generic Medical Store?

Any one who want to buy cheap medicine. Actually poor people are most benefited through Generic Medical Store. Prior that people dont have choice to buy economical medicine. Now poor people and retired personnel can buy life saving drug through Generic Medical Store.

Do I need any special privileges to buy medicine from Generic Medical Store?

No any one who want to buy cheap medicine, just have to visit nearest Generic Medical Store in your medicine and ask for generic medicine.