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All You Want To Know About Generic Drugs

What are Generic Drugs?

Generic Drugs vs. Brand Name Drugs

Why Generic Drugs are so cheap?

Are these Generic Drugs regulated?

Are these drugs patented?

WHAT DOES THE TERM GENERIC MEAN AND WHAT ARE GENERIC DRUGS?


Generic Drugs The term generic is used to refer to products that are chemically identical to the original but are sold under another name.

Generic drugs are legitimate medicine, but cost a lot less than the brand name drugs. They work exactly the same way as their branded counterpart. The only difference is in the name colour and shape. The pricing is different too.

If the companies producing the generic drugs follow the branded ones without any changes the company possessing the patent for that particular drug can sew the other. So the need for certain changes, otherwise they are similar in every other aspect.

WHAT IS THE DIFFERENCE BETWEEN THE BRAND NAME DRUG AND THE GENERIC DRUG?


Generic Drugs vs. Brand Name Drugs The main difference is in the name and the tag. Brand name pills have their unique logo, colour and shape and also a registered trademark whereas the generic drugs are similar in chemical content but not in looks and they are priced much lower than the branded drugs. Generic drugs are as reliable as the branded ones because they are tested as per the standard set by the FDA. They work similar to the brand name pills and have the same side effects. The only difference is in the pricing which is much cheaper comparatively because the generic drug manufacturers spend a lot less on research and marketing as compared to the brand name companies.

WHY ARE GENERIC DRUGS COMPARATIVELY MUCH CHEAPER THAN THE BRANDED ONES?


Cheap Generic Drugs Generic come cheaper than the brand name drugs because they do not spend a fortune on research and marketing .All the research is done by the brand name companies. The manufacturers of the generic medicines use the same chemical and produce similar drugs at a cheaper rate. Another factor that contributes to the cut in rates is that all the companies that manufacture generic drugs are situated offshore where the cost of manufacture including labour is very cheap and since most of the marketing is done on line not much is spent on this. All these factors contribute to the fact that generic drugs are available at a cheaper rate than the brand name ones.

Just because generic drugs are cheaper it does not mean that they are not as good as the brand name medication. They are not allowed into the market until they meet up to the standard requirements laid down by the FDA.

An evaluation conducted by the USA, FDA indicates that because of the use of Generic drugs a person can save up to 52 %on medical bills. And the drug costs can fall up to 14% per day. 44% of all drugs manufactured in the US have an equivalent generic counterpart. You can consult your physician or local pharmacist regarding usage of these generic drugs.

ARE THESE GENERIC DRUGS REGULATED?


The regulatory agencies like the FDA, MHRA, TGA, and ANVISA regulate the market in order to protect the consumer. Regulation activities include inspection of the drug manufacturing unit, the products used in manufacturing these drugs, and the hygiene and cleanliness maintained in these manufacturing units.

The standard laid down in the USA by the FDA is very stringent. If the drugs manufactured do not come up to the standard laid down by the FDA they can be recalled from the market in order to protect the consumer.

The FDA, USA conducts up to 3500 such inspections in order to ensure that a certain standard is maintained by companies producing such generic drugs.

ARE THESE DRUGS PATENTED?


Generic drugs cannot be patented. Large companies patent their products to protect themselves from other companies who may use their research matter to produce similar drugs which will result in huge losses for the company. Patenting a product gives the manufacturer exclusive rights to produce a drug for a certain period of time. The government gives the inventor the right to produce and sell his invention exclusively if he applies for a patent. He also holds the right to mortgage assign or transfer this right to other parties until the patent expires. Generic equivalents of these products or medicines can be produced by other manufacturers legally once the patent expires. If any Individual or company tries to take advantage of a patented product it is considered illegal activity and is punishable by law. The time bar for any patent that has been applied for in the US for drugs is 20 years, including the time spent on clinical trial and testing.


Generic counterparts for patented drugs can be produced when:
- THE PATENT HAS EXPIRED.
- THE PATENT FOR THE DRUG IS INVALID AND HARD TO ENFORCE.
- NON EXISTENCE OF PATENT FROM THE BEGINNING.
- UNDER GOVERNAMENTS WHERE THE US PATENTS ARE NOT ENFORCED OR TAKEN INTO CONSIDERATION.

The patent process is not exclusive to the US. Different countries have different standards of patenting. In some countries the patenting process is very rigid and followed strictly whereas some countries do not have very strict laws regarding violation of patenting.

Indian manufacturers Our company gets all its drugs from Indian manufacturers. It is necessary that we find out more or concentrate more on the Indian Patent Act which was passed in 1970.The Indian Patent Act encourages firms to invest in low cost manufacturing of generic drugs. In fact India is the number one manufacturer of generic medicines.


Some of the well known companies which engage in the production of generic drugs are:

Aurochem laboratories.
Ajanta pharmaceuticals.
Cipla.
Glen mark pharmacy.
Micro laboratories.
Olcare laboratories.
Intas pharmacy.
Ind swift laboratories.
Unicure remedies.
Unichem laboratories.
Ranbaxy laboratories etc.

Each company has an exclusive and comprehensive website which provides you with all the information about any product you may be interested in, including the chemicals used in these drugs the dosage and precautions to be adhered to, the possible side effects, anecdotes etc. These companies are reliable and have supplied us with world class medicines at a lower cost.

Thousands of our customers have had total satisfactory results after using these drugs. Many have sent their testimony in the form of thank you messages. You can be a part of it too and improve your life..........