Why buy Generics and Ditch Branded Medicines - #BuyGenerics
As per the USFDA, A generic drug is identical/bioequivalent
to the branded drug in safety, dosage form, strength, Use, Quality, Administration
and Performance. A generic drug will have the same active ingredient and will
also benefit in the same way as the original/branded drug. In fact, many
generics are produced in the same manufacturing unit as their branded counterparts.
So now the question arises, should you use a generic version of a drug?
The simplest answer to this is YES.
Branded drugs usually carry a very high price and as a result of this, many
people tend to skip doses or not take the medicine at all as it becomes
unaffordable over a period of time. This is where generics come in the picture
as life saver drugs. Most generics cost as much as
90% less than the branded counterparts, thereby saving huge amounts of money for
the patients, governments and pharmacies across the world. A generic drug may
differ in terms of colour, shape or packaging, but this does not reduce its
efficacy at all.
Why are generics cheaper than their branded counterparts?
A company which comes out with a new drug in
the market has already spent a substantial amount of money on its research and
development. Now to recover this cost the company needs to do marketing and
promotion which adds to the cost of the drug. A patent and exclusive rights to
sell the drug is granted to the company that has developed the drug till the
patent expires.
Once the patent nears expiry, other companies
can file for generic versions. Because now there is no need to spend money on
research, development and advertising the companies are able to sell the
medicine at much cheaper prices. This way all the benefits are passed on to the
consumer and thus huge sums of money is saved.
How can I buy/import generics drugs?
As per the US – FDA import law, an individual may import drug for personal use only if the period (dosage) is not more than a 3-month supply. For other nationals, please check with the respective Health Department or Ministry of Health of your country. But in most countries, it is completely legal to import medicines limited to 90 days’ supply of your prescription for personal use only. A valid prescription by a registered doctor is definitely the key requirement for the import of any medicine strictly for personal use only. For more details please contact us
The Hub for Generic medicines - INDIA
Many people across the world have started focusing on generics rather than branded drugs for the obvious reasons already stated and are taken aback to learn that most of these generic drugs are manufactured in India. By export volumes, India is the largest provider of generic medicines globally – approx. 18% and contributes to 40% of the United States’ generic demand. Many Indian companies have received around 304 Abbreviated New Drug Application approvals from the United States Food and Drug Administration (USFDA) in 2017. Manufacturing facilities of many Indian manufacturers are regularly inspected and audited by authorities and health departments from International markets such as UK, USA, Germany, South Korea, Japan, Brazil, to name a few - to make sure that efficient quality control and quality assurance is strictly followed in turn strengthening the manufacturing process, improving automation, operating procedures and quality management systems.
Example of Generic & Branded Drugs with Pricing:
