Activity:
Collect information about generic medicines and discuss them in the class.
operator:
Collect information about generic medicines and discuss them in the class
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Answered by
1211
A generic drug is a pharmaceutical drug which is equivalent to a brand-name drug product in its dosage, strength, route of administration, quality, performance and intended use but does not carry the brand name. The generic drug may differ from the original in non-essential characteristics such as colour, taste and packaging.
Although they may not be associated with a particular company, generic drugs are usually subject to government regulations in the countries where they are dispensed.
Generic drugs are usually sold for significantly lower prices than their branded equivalents and at lower profit margins. Generic companies incur fewer costs to create generic drugs that include only the cost of manufacturing. This does not involve the costs of drug discovery and drug development and therefore, they are able to maintain profitability at a lower price.
Although they may not be associated with a particular company, generic drugs are usually subject to government regulations in the countries where they are dispensed.
Generic drugs are usually sold for significantly lower prices than their branded equivalents and at lower profit margins. Generic companies incur fewer costs to create generic drugs that include only the cost of manufacturing. This does not involve the costs of drug discovery and drug development and therefore, they are able to maintain profitability at a lower price.
Answered by
278
Hey .mate...
Here is Ur ans....
Generic drugs are copies of brand-name drugs that have exactly the same dosage, intended use, effects, side effects, route of administration, risks, safety, and strength as the original drug. In other words, their pharmacological effects are exactly the same as those of their brand-name counterparts.
Generic makers don't face the same costs as manufacturers of brand-name drugs. That's because the brand-name maker often invented the drug, a process that can cost hundreds of millions of dollars. ... That is an enormous economic advantage for these companies, which is why their drugs can be much cheaper.
The FDA requires that all drugsbe safe and effective. Since generics use the same active ingredients and are shown to work the same way in the body, they have the same risks and benefits as their brand-name counterparts.
Hope it's helpful
Here is Ur ans....
Generic drugs are copies of brand-name drugs that have exactly the same dosage, intended use, effects, side effects, route of administration, risks, safety, and strength as the original drug. In other words, their pharmacological effects are exactly the same as those of their brand-name counterparts.
Generic makers don't face the same costs as manufacturers of brand-name drugs. That's because the brand-name maker often invented the drug, a process that can cost hundreds of millions of dollars. ... That is an enormous economic advantage for these companies, which is why their drugs can be much cheaper.
The FDA requires that all drugsbe safe and effective. Since generics use the same active ingredients and are shown to work the same way in the body, they have the same risks and benefits as their brand-name counterparts.
Hope it's helpful
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