Advantages Of Generic Medication

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Properties and Advantages of generic medications.

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Advantages Of Generic Medication

  1. 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. © The Swiss Pharmacy, Geneva Switzerland
  2. 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. 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. 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. 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. 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

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