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Posted by rohit on August 14, 2024 at 6:25am 0 Comments 0 Likes
Posted by Prajakta on August 14, 2024 at 6:22am 0 Comments 0 Likes
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Posted by Rahul kumar on August 14, 2024 at 6:20am 0 Comments 0 Likes
A generic drug is a medication created to be the same as an already marketed brand-name drug in dosage form, safety, strength, route of administration, quality, performance characteristics, and intended use. These similarities help to demonstrate bioequivalence, which means that a generic medicine works in the same way and provides the same clinical benefit as its brand-name version. In other words, you can take a generic medicine as an equal substitute for its brand-name counterpart.
Generic medicines tend to cost less than their brand-name counterparts because they do not have to repeat animal and clinical (human) studies that were required of the brand-name medicines to demonstrate safety and effectiveness. In addition, multiple applications for generic drugs are often approved to market a single product; this creates competition in the marketplace, typically resulting in lower prices.
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