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Generic Drugs, What Are They?

 

A generic pharmaceutical drug is identical to a brand name drug in safety, strength and quality. Even though generics are identical to brand name drugs, they are typically sold at substantial discounts from the branded price.Typically savings of atleast 50 to 70 per cent can be saved for the average consumer It has been estimated that generic drugs save consumers an estimated $8 to $10 billion a year at retail pharmacies. Even more when hospitals use generics.

 

 

 

Discount Online Pharmacies... Safe?

Public Safety of Drugs

FDA continually assesses the safety of the products it regulates and responds to safety reports by taking actions such as, providing important product safety information to the public, making changes in labeling, requiring a product design change, or withdrawing a product from the market. FDA promptly issues Safety Alerts, Public Health Advisories, Recalls, Talk Papers, and Notices in an effort to inform the public about patient safety issues as they are identified.  

   

 

 

It is true, discount online pharmacies are a great source of discount medications. The generic drug is  basically the unadvertised brand approved by FDA as a safe and effective treatment option which helps your pocket too. Most companies spend good dollars in marketing and advertising. And this means that you will end up spending extra money on healthcare.

Once the brand name drug manufacturer obtains a patent which is usually for 20 years, no other manufacturer can make the drugs till the patent expires. Other manufacturers apply to the FDA for generic drugs production approval just before the patent expires. The drug is then released into the market by various companies which make it competitive, forcing many to bring down the prices.

Generic drugs have the same active elements as that of the brand name drug. Each drug is laboratory tested to ensure the same amount of balance between brand name drug and generic drug. The only difference lies in the name and price.