Generic drug – is a drug with proven pharmaceutical, biological and therapeutic equivalence to the original. That is, a drug having the same composition of active ingredients, dosage form and effectiveness as the original drug, but do not have patent protection.
May differ from the original drug in composition of excipients. Placed on the market after expiry of patent protection the original drug. The most common is now called “Generic”.
In the pharmaceutical industry there are 2 groups of drugs:
- Original drug (Brand-name Drugs)
- Generic drug.
Branded drugs are expensive, the price of generics are much cheaper than original drugs .
Original drug – this is a new development pharmaceutical company, which it was first discovered, synthesized, and protected by a patent for many years (usually 10+). During this period, the drug produces only this company. The original drug is often unique in its kind and has no analogues among competitors, so the pharmacy you will not be able to pick up analogue remains valid patent protection.
When patent protection is removed and appear analogues (Generics), this is the original brand-name drug will cost more than all other generics drugs
The essential requirement for the sale of generics – proven pharmaceutical, biological and therapeutic equivalence to the original. The active ingredient original brand drug and the generic drug are always the same, but the dosage of the active substance and appearance of drugs can vary at the discretion of the pharmaceutical company.
Find Generic Drug
There are different Generics from branded drugs?
Actually there are differences, but not many, and they are not so significant. To understand the differences look at the table below.
|Identity of the original||Detailed information|
|Active substance||Yes||Manufacturers of generics are required to ensure that their drugs meet quality standards, was identical to the brand. The active substance is the main ingredient of the drug, so the generic active substance identical to the brand.|
|Effect||Yes||As active ingredient (often the whole composition of drugs) Generics the same as brands, and the effect is identical.|
|Brand-name||No||Generics can not call a name brand, so it’s copyright infringement. They are usually referred to as Active substance.|
|The shape and color of the pill||No||The shape and color of pills is also are the intellectual property of pharmaceutical companies, and may not be copied.|
|Price||No||Generics are much cheaper brands.|
|Composition||Yes||The composition of the Generics may differ in some auxiliary ingredients.|
Why generics are cheaper than original drugs?
The main reason for the low price of generic medicines is that their production requires a much smaller expenditure. The lower cost of generics and therefore, they are sold at a lower price and retain profitability.
Generic Manufacturers do not spend money on:
- Research and development product;
- A certificate confirming the safety and efficacy of the medication.
- Advertising and promotion
First, the manufacturers of generic drugs do not spend money to develop drugs, as they use a ready-made original medicine to produce bioequivalent versions.
Second, generic manufacturers do not need to confirm the safety and efficacy of drugs in clinical trials – they have to prove only bioequivalence of generic and original medication.
Third, Generics have a huge advantage, they do not need, unlike the new brand-name drugs in advertising and promotion, and recommendations among consumers.
Generic is available only after the expiry of patent protection the original drug. That is, this drug is on the market for 10 years or more, that of course is proof of the effectiveness and safety of Generics are made based on it, so Generics do not need additional advertising.
The cost of research, development and testing, licensing, promotion and advertising incurred by the large pharmaceutical companies to submit new drug on the market, are often the cause of the very high cost brand-name drugs. Pharmaceutical companies developers need to recoup costs and make a profit before the expiry of patent protection.
The manufacturers of generics do not have these expenses, the cost of bioequivalence testing and manufacturing, that is all that is required for the sale.