Get To Know About Generic Drugs And How You Can Save money On It

The generic drug is a medication created to have the same functionality as the brand name. It comes in the same form of dosage, quality, route of administration, and performance characteristics.

Upon the discovery of a branded medication, the manufacturers usually file a patent for it. The patent allows the protection of the marketing and research investments of the company that innovates a drug. It works by giving the company exclusive rights to sell the medicine till the patent expires. When the patent for the exclusive drug comes near the expiration date, the original generic and drug manufacturer may apply to the Food and Drug Administration (FDA) for selling its generic version. The regulations by FDA require generic drugs to come with the same purity, strength, and quality as brand-name drugs. It is essential for the packaging to pass the same quality standards.

Generic medicines have the same active ingredients as branded

Generic drugs come with the same active ingredients and work the same way in the body. They also carry the same benefits and risks as their brand-name counterparts. The FDA-approved generic drugs should meets the rigorous standards of potency, purity, and identity, and you can take them with confidence. The FDA regulations allow up to 20% variations in the active ingredients of generic and brand-name drugs, but in reality, variation is less than even 6%.

Generic medicines cost less

Generic medicines are usually cost-effective because the drug manufacturers do not require to test the drugs in clinical trials. They ensure that the patients respond in the same way as the branded drugs. In addition, the competition between multiple manufacturers of generic drugs and branded drugs makes the cost lower. When multiple generic companies market a single approved product, market competition typically results in the prices falling about 85% less than the brand name.

Save more with drug discount cards

You can download the rx prescription discount card that helps to save on generic medications. The price of the generics can vary drastically between the pharmacies. You can get up to 85% discount with the help of these cards.

Takeaway

Generic medicines are similar to the branded drugs and are safe to use. If you are looking to save more money on generic drugs, you can easily do it with the help of discount cards. All you need to do is find the best pharmacy discount card and take it to the pharmacy that offers you with best discounts.