Generic drugs have a manufacturer’s standard that is similar to a brand name pharmaceutical product. A consumer awareness report often indicates that a generic medicine is exactly the same in many instances. Modern reports do mention statistically relevant variances among generics drugs and their original brand pharmaceuticals.
A standard consumer report about a generic medicine usually indicates the following criteria about a manufactured generic copy:
- A generic drug is usually a copy of a brand name drug that is out of a patent protection issued by the U.S. FDA or food and drug administration.
- Generic pharmaceuticals need to have the exact same dosage and intended use as the original medication.
- A generic medicine needs to have similar effects and similar side effects.
- The route of administration needs to be the same and the risks associated with taking a generic need to be the same.
- Safety issues are considered for a generic and the generic needs to be as strong in effect as the original medication.
There are several reasons why a generic drug is less expensive. Most of the cost of a new medication is for the following expenses:
- A new medication has several expensive start up costs that are paid out by the original drug manufacturer.
- An original manufacturer gains a protective patent from the FDA for a number of years.
- A patent protection will expire and generic drug manufacturers begin to copy and sell drugs with the same dosages and effects.
- An original drug maker has research and development costs and initial marketing expenses to have the new medication on the public markets.
A generic drug maker may be a brand name manufacturing company or a drug company that makes only generic medicines. The start-up costs that an original drug maker has are not a part of a generic medication. This cost avoidance allows a generic drug maker to sell a copy of a brand drug at a discounted price. A patent will eventually expire and several generic drug makers can copy an original medication. A number of generic medicine manufacturers can create a lower drug price as well.
Drug maker studies include several types of tests that measure certain variances among all medications. These tests and measures are a part of any medical study or medication release. A drug maker study uses biological equivalent measures and pharmacological kinetic measures to determine how a consumer’s body is reacting to any drug. There is an allowed scientific variance or range of different results. This says that a generic drug can have an effect with a consumer that falls within a certain range of variance. The results of all drugs made need to be within a range of effects. Pharmacy technician courses are often the first step to understanding variance and effect ranges.
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