Question

Collect information about generic medicines.

Answer 1

Hint: Generic medicine has almost the same active ingredient and shows the same therapeutic effect as the brand name drug. Another significant way they hold their expenses down is to seldom spend money on ads and promotions.

Complete answer:
Generic pharmaceutical products or medicinal products contain the same active ingredients as brand-name medicinal products of the same intensity. The pharmaceutical company that develops and markets it receives a patent on its new drug when a medication is first made.

In order to give the originating company an opportunity to recover its research expenditure, the patent typically lasts for 20 years. A generic version of the drug may become accessible after the patent expires. Generics are sold under the chemical name of the drug, or 'generic,' and comply with the same FDA consistency and efficacy requirements as the original.

Generic pharmaceutical manufacturers must show to the FDA that their drug version contains the same active ingredient, has the same power, dosage shape and route of administration, has the same indications, dosage and labelling, and provides patients with the same efficacy and safety profile ('bioequivalent').

To be licenced by the FDA, generic drugs have to be safe and reliable. The FDA also allows generic drug manufacturers to comply with the same strength, purity, and consistency batch-to - batch standards as the original manufacturer and follow the same stringent "Good Manufacturing Practices" laws.

U.S. patent laws do not allow generic medications to look exactly the same as other medications already on the market. The colour and shape of a generic pill can be different from the brand name for that reason. It may have a different coating or flavour often. The FDA also carefully considers these "inert ingredients." Differences in taste or appearance do not impact the protection or efficacy of the medication.

Generic manufacturers seldom spend money on advertisement and promotions, keeping their costs down in another significant way.

Note: Generics are less costly because, for efficacy and safety, the drug maker does not have to repeat the initial clinical trials, which decreases the expense of selling the medication. Generics, since they are lower in consistency, are not less costly.