Generic medicine and
The generics are medicines on which the patents have expired. They are sold either as branded products or as unbranded products under their generic names. These drugs are equivalent to a brand-name product in dosage, strength, route of administration, quality, performance, and intended use. Branded medicines are more expensive. The generic drug does not have to undergo a complete clinical trial to be proved equivalent, the bio equivalence test is much cheaper than clinical trials making generic drugs cheaper. Cost difference between branded and generic drug is so much that even well to do people cannot afford a branded drug. In India, a large population falls below poverty line and also affected with health related issues, hence generic drugs help poor in accessing the essentials drugs. ...
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