Generic drugs are drugs which can be made and dispensed with no patent. Generics might have a patent on the formula but not on the active ingredients. The annals of generics started in the 1970s when one man, Al Williams, resigned from his job as a product label manager to begin their own company under the name of Keynote Marketing.
He made twenty no-name generic products with a plain white label that have been bought by curious chain stores in America. It didn’t take miss the major chains to follow along with suit. They started selling their particular ‘house brand’ of products made by different manufacturers.
As it pertains to medication, the key criterion is that the generic must contain the exact active component whilst the branded formula. The FDA insists that generics are compliant with the bioequivalent array of the branded version with regards to pharmacodynamic and pharmacokinetic properties. This basically means that the generic drug must be identical in its strength, intended use, way of administration, dose, safety and efficacy.
A general drug can only be distributed once the patent obtained for the first product has expired. When generics are available for public consumption kamagra oral jelly, competition on the market contributes to significantly cheaper charges for not just the generic, but for the branded product as well. In the USA, a patent usually expires after 20 years.
Generic medications save consumers and insurance companies lots of money. As previously stated, that is because of the fierce competition among producers. The costs of making generics are reduced, so companies have the ability to offer the public a low priced price while still turning a great profit.
The costs of generic drugs are so cheap that even third-world and developing countries have the ability to afford them. A good example of that is Thailand. Millions of generic blood-thinning tablets were imported for 3 USA cents each. This cost included delivery from India where in fact the drug is made.
Generic companies are entitled to work with previous marketing promotions developed by the organization that produced the first drug. Including advertising, presentations, and dispensing free samples. Numerous generic drugs have now been available on the market for over a decade. They are well-known by the medical profession and patients.
Many folks are skeptical about generic medications. Some claim that generics are manufactured in sub-standard environments, and they are inferior to the first version. Both these claims are untrue. The FDA imposes exactly the same regulations on all drug manufacturers whether or not they make generics or originals.
In fact, there are a lot of drug manufacturers that produce branded drugs and generics. The FDA has estimated 50% of generic drugs are produced by branded companies. Just one more myth is that generics don’t work as well. That is also untrue. The FDA stipulates that generics need to work as effectively and as quickly as branded drugs.