Importance of generic medicines in today life?
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In any country, research and studies pertaining to medicines tend to be expensive. That is why companies researching new medicines tend to pass on these costs to consumers. However, a look at profits raked in by drug companies indicates that pharmaceutical (pharma) companies do tend to overprice medicines. Given that quality healthcare is essential for all, the society at large suffers due to the extravagant prices of good medication. This is where generic medicines come in.
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Generic medicines are less expensive but they functions in similar way as the original medicine functions.
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