advantages of generic medication
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© The Swiss Pharmacy, Geneva Switzerland
Benefits Of Generic MedicationsWhat 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
Benefits Of Generic MedicationsGeneric 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
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
Benefits Of Generic MedicationsWhy 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
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
Benefits Of Generic MedicationsCosts 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.