So, what exactly is a generic medicine?
A generic medicine uses the same active ingredients as the original branded medicine and is generally available in the same strength and dosage form. A generic medicine must be bioequivalent to the original brand name product and meet the same standards of quality, safety and efficacy. As a result, you will receive the same health benefits from a generic medicine as you would from a branded medicine but at a lower cost.
How is this possible?
The time required to develop a generic drug is shorter and the costs lower than that of an innovative medicine. Therefore, generic drug manufacturers can typically afford to sell their generic drugs for a lower price than their innovative counterparts. By passing this cost benefit on to the consumer, the generic drug industry helps make medications accessible at a lower cost and provides a major economic benefit to society by ensuring patient access to quality and effective medicines .
Are there any differences between a generic and branded medicine?
Sometimes the generic version of a drug may have a different colour or shape from its brand name counterpart. It is important to note that these differences have no effect on the medical action of the chemical molecule. They are created simply to distinguish the appearance of one drug from another.