Why then do branded medicines cost more than generic drugs? The difference lies in the copyright details, not necessarily in the medicine’s components. When a pharmaceutical company comes up with a new drug, it buys exclusive rights to sell and market its product. The new product has a patent, enabling the company to profit exclusively from the drug’s sales. The company needs the patent in order to retrieve the costs spent on research and development.
Once the patent expires, other drug manufacturing companies can reproduce the branded medicine into generics. Since these other companies did not spend for research and testing, they can charge lower for the reproductions or generic drugs. A lower price is also necessary to compete against other manufacturing companies. Since more customers go for products with an affordable price, the generic manufacturer will have faster profit rates than manufacturers of branded drugs.
Generic drugs are required to use the same active ingredient as the branded equivalent. The US Food and Drug Administration ensures that all generic manufacturers abide by this requirement. In fact, 50 percent of the generics in the market are also produced by companies engaged in manufacturing branded medicines. Customers should not be surprised if the generic contains varying chemical ingredients. US trademark laws ban generics from looking exactly like the branded equivalent. To seem different, generic drugs must use different inactive chemicals. Buyers need not worry as these ingredients have no effect on the drug’s main purpose.
Generic drugs can be purchased from online pharmacies. These pharmacy websites offer all kinds of drugs, allowing customers to order generic Amoxil. The Internet provides cheaper rates compared to community drug stores, enabling more people to buy Amoxil at unbelievably affordable prices.
Start looking through various pharmaceutical websites to see what discounts and promos are on offer. Ordering generics online allows for greater financial freedom. Customers can set aside more money for important expenses such as education, house bills, and gas.