Mostly Generic medicine are copies of the branded medicine which have the same Active ingredients and their dosage form, Usage, Side Effect, Risk, Quality and strength as The branded-name medicine.
Now a Days Many people prefer to use generic medicines as generic remedies are often cheaper than the brand-name Medicine. Patient thinks if the quality and effectiveness have been compromised to make the less expensive Generic products. The use of generic Medicine is as safe and effective as brand-name Medicine.
The reason behind Generic drugs are more pocket friendly because the manufacturers do not have the expenses of developing and marketing a new drug. When company invents and develops a new drug onto the market, the firm has already spent substantial money on research, development, marketing and promotion of the drug. Even after developing the medicines there are so many hidden expenses behind it.
The FDA applies the same standards for all drug manufacturing facilities, and many companies manufacture both branded and generic drugs. The FDA estimates that 70% of generic drug production is doing by brand-name companies.
As the patent nears expiration, manufacturers can apply to the FDA for permission to make and sell generic versions of the drug and without the startup costs for development of the drug, other companies can afford to make and sell it more cheaply. When multiple companies begin producing and selling a drug, the competition among them can also drive the price down even further that means indirect advantage for the patients.
On other hand Branded medicines are usually capitalized while generic medicines are not. There is also a community who only choose branded medicines as they believe in quality and standard of the products. As per my personal research generic medicine takes more time to affect. branded medicines is a first medicine so many people have mindset that it is best among its other generic products.
The generic drug has the same active ingredient as the brand-name drug. This ingredient is the one that cures the patient; and other, inert ingredients, which give the drug its colour, shape or taste, vary from the brand-name drug to the generics. Thus in my opinion generic drugs are same safe as their branded-name drugs.
As per my Study generic medicine take more time to work. But The FDA said that generic drugs work fast and effective as the branded-name medicine. manytime, Generic medicine have different color, Flavors, Shape and Marking than Branded- name medicine. Generic medicine are less Expensive than Branded-name medicine.
Generic Medicine 