Posts Tagged ‘generic pharmaceuticals’

The Widespread Usage Of Generic Prescriptions

Monday, April 26th, 2010

The usage of generic drugs is quite common in this day and age. Oftentimes the pharmacist will fill a prescription with a non brand name instead of the name brand unless the doctor specifically orders the latter. Using these medications should be up to the patient to decide.

Generically made medications are available these days thanks to free enterprise and American ingenuity. Brand name companies used to control the market in days gone past, but now other manufacturers have come forth giving the American public choices. This is as it should be in America.

Unless allergy issues are at stake, these are items that should be purchased and used. You will find the pharmacy carries these generic drugs and you will not have to wait for medicine to be ordered in. You really do not want to have to possibly wait for days for your medicine. This could be the case if you have not ordered these before from a certain pharmacy.

The main reason many people use this type of medication is to save money. A non brand name item is usually less expensive than a brand name item would be. You can see that in any grocery store, and the pharmacy is no different. If you are taking this medicine over a period of time, this could add up to a tremendous amount of savings in your pocket. This can be critical if you are on a fixed income.

There are occasions where generics are not as strong as their branded counterparts, although this tends to be the exception rather than the rule. Your pharmacist should be able to tell you if there is any difference in the strengths between the two. He can also give you other information, such as if there are side effects that are different than those of the brand name.

Your physician can inform you on the strength of these tablets and if they would be a good substitute for your original prescription. Let him know you are interested in purchasing them instead, if he has no medical objections to your doing so. Since you have to pay for your medication a medical objection should be the only reason for not changing over.

These facts are also true of over the counter drugs you find at the store. You will find the store brand of any medication usually works just as well as the name brand. With the economy what it is and money tight, using the over the counter generically made item is a cost effective decision, helping your budget stretch further.

Purchasing generic drugs is quite universal these days by most consumers, simply as a matter of saving money. Asking intelligent questions of the physician, as well as the pharmacist, so as to make informed decisions is the way to go if interested in making these changes in your prescription generic drugs. This decision will also help save money so your budget can stretch further in this time of economy instability.

How Will Generic Equivalent drugs Affect Your Wallet?

Sunday, April 18th, 2010

A generic drug is a medication that is manufactured and issued without a patent. These generic drugs cannot hold a patent on the active ingredients, but they can have a patent on the formulation. Generic products were started by Al Williams in 1970 when he began a company he named Keynote Marketing.

Williams produced a number of nameless generic drugs under a simple white label. He sold these to supermarket stores in the USA. Soon after, major chain stores picked up on the idea and began selling their own ‘nameless’ products made by assorted manufacturers.

When it comes to medication, the main criterion is that the generic drugs must contain the exact active ingredient as the branded formula. The FDA insists that generics are compliant with the bioequivalent range of the branded version with regards to pharmacodynamic and pharmacokinetic properties. This basically means that a generic drug must be identical in its strength, intended use, method of administration, dose, safety and efficacy.

A generic drug can only be distributed when the patent obtained for the original product has expired. When generics are available for public consumption, competition in the market leads to significantly cheaper prices for not only 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, this is due to the fierce competition among producers. The costs of making generics are much lower, so companies are able to offer the public a cheap price while still turning a good profit.

The prices of generic medications are so low that even developing and third-world countries can afford them. For instance, Thailand imported millions of generic tablets of a blood-thinning drug to help prevent heart attacks. The cost was a mere 3 cents (USA) per tablet, which included transportation from India where the medication is manufactured.

Generic companies are entitled to utilize previous marketing promotions created by the company that produced the original drug. This includes advertising, presentations, and dispensing free samples. Numerous generic drugs have been on the market for over a decade. They are well known by the medical profession and patients.

Some people are still suspicious about generics. Claims have been made that they are manufactured in sub-standard facilities, and that they are inferior to the branded versions. Neither of these statements is true. The FDA demands exactly the same requirements of all drug manufacturers, irrespective of whether they make branded products or generics.

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. Yet another myth is that generics do not work as well. This is also untrue. The FDA stipulates that generics have to work as effectively and as quickly as branded drugs.

Generic drugs have different colors, different flavors and sometimes a different mixture of the active ingredients. The reason for this is that trademark laws in America do not permit generics to have the same look as branded drugs. Nevertheless, the active ingredients must be identical in both versions to ensure the same medicinal efficacy.