#5 Are generic drugs cheaper than brand-name drugs?

Open
opened 3 weeks ago by sophiayoung · 0 comments

Yes. They offer the same benefits. Furthermore, they generally have the same side effects and adverse reactions as brand-name drugs.

After a drug is approved by the FDA, patents allow the company to market it exclusively for years, at its own price, earning a profit without competition. When patents expire, other pharmaceutical companies can develop and market generic equivalents using the same active ingredients.

Companies that develop generic drugs don't have to invest significant time or research, as the testing and FDA approval of the brand-name drug's ingredients have already been completed.

This means that generic drugs can reach the market more quickly and be sold at much lower prices than brand-name drugs. Furthermore, many generic options for a brand-name drug can enter the market simultaneously, creating competition that drives down prices.

For more information visit our site: Genericpharmamall

Yes. They offer the same benefits. Furthermore, they generally have the same side effects and adverse reactions as brand-name drugs. After a drug is approved by the FDA, patents allow the company to market it exclusively for years, at its own price, earning a profit without competition. When patents expire, other pharmaceutical companies can develop and market generic equivalents using the same active ingredients. Companies that develop <a rel="dofollow" href="https://www.genericpharmamall.com/are-generic-drugs-cheaper-than-brand-name-drugs/"><strong>generic drugs</strong></a> don't have to invest significant time or research, as the testing and FDA approval of the brand-name drug's ingredients have already been completed. This means that generic drugs can reach the market more quickly and be sold at much lower prices than brand-name drugs. Furthermore, many generic options for a brand-name drug can enter the market simultaneously, creating competition that drives down prices. For more information visit our site: <a rel="dofollw" href="https://www.genericpharmamall.com/" ><strong>Genericpharmamall</strong></a>
Sign in to join this conversation.
No Label
No Milestone
No assignee
1 Participants
Loading...
Cancel
Save
There is no content yet.