Generic medicine is a type of medication that contains the same active ingredients as its branded counterpart. These drugs are usually developed and marketed by companies other than the one that originally created the medication, and are often sold at a lower cost than the branded version. In this article, we will explore what generic medicine is and how it differs from branded drugs.
Same active ingredients
The main feature of generic medicine is that it contains the same active ingredients as the branded version. This means that the medication works in the same way and has the same effects on the body. The only difference between the two is that the generic medication may have different inactive ingredients, such as fillers and binders.
Lower cost
One of the main advantages of generic medicine is its lower cost. Since the medication does not require the same research and development costs as branded drugs, generic manufacturers are able to produce the medication at a lower cost and pass those savings on to consumers. This makes generic medication a more affordable option for patients who may not be able to afford the branded version.
Availability
Generic medicines are widely available and can be found at most pharmacies. This means that patients can often get the medication they need without having to wait for it to be ordered or shipped from a different location.
Increased competition
The availability of generic medicines can lead to increased competition among manufacturers. This can result in lower prices for both generic and branded drugs, making them more affordable for patients.
In conclusion, generic medicine is a type of medication that contains the same active ingredients as the branded version, but is often sold at a lower cost. These drugs are WHO-GMP approved and are considered to be interchangeable with the branded version. Generic medicine provides a more affordable option for patients and can help improve access to medication. As always, it is recommended to consult with a healthcare provider before starting any new medication.