Generic Drugs Can Save You Money

A new medicine costs millions of dollars to find out, test and run medical trials on previous to putting it on the marketplace. The drug manufacturer invests this time and money. In return, they are granted a patent on a new medicine. Generic drugs can be manufactured only when a patent has expired.

The Federal Drug Administration imposes a time limit on the patent. The length of time one remains in outcome varies from country to country. Once the patent has expired, other manufacturers are entitled to create a generic version of the drug.

The generic must contain the active ingredients the unique brand name drug has. The FDA needs this. The generic edition must be almost equal to the brand name (the active ingredients must be nearly the same).

The cost of generic drugs is much lesser than the brand name for two superior reasons. They are copied, which relieves them of the cost of research and medical trials. Another cause is that more than one company can manufacture a generic edition.
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