Generic Plus Medicine

  Medicines come under health care and hence are one of the products from the highly regulated sector. How are generic medicines monitored? When you say highly monitored, every step from manufacturing to selling is monitored. The standards of generic medicines are constantly evaluated and updated according to guidelines. As it directly affects the health system of an individual, it needs to be authorized by highly authoritative standard monitoring system. Top authoritative organizations such as FDA and WHO follow strict guidelines to approve generic medicines. Also, regular inspections take place to monitor the manufacturing of generic medicines. Each company sets up systems to monitor the safety of all medicines in markets. Only after passing through all the stages are generic medicine franchises allowed to sell the medicines.

        image source - currentaffairs(dot)adda247(dot)com The world health organization (WHO) is a specialized agency of the United Nations responsible for international public health. It formulates international regulatory standards, which include stability, packaging, storage, and bioequivalence.  What Is WHO's Stand On Generic Medicines? According to the world health organization (WHO), generic medicines are pharmaceutical products intended to be interchangeable with the originator brand product, manufactured without a license from the originator manufacturer, and marketed after the expiry of the patent or other exclusivity rights. These are the bioequivalence standards established between originator and generic medicines. These standards are significant due to WHO's support of generic products and their potential to increase access to essential medicines. Generic medicines are getting popular due to their affordability, and you can see generic franchise stores opening worl

There is a huge difference between the prices of generic and branded medicines, and sometimes branded medicines are as high as 80% of generic medicines.                imagesource - emedkit.com-why-are-generic-medicines-cheaper-than-branded-medicines   Why are generic medicines more affordable than branded medicines? The huge difference in the prices is due to the efforts and expenses required to make a new medicine. There are several factors involved in the manufacturing process, including Research, Large-scale drug testing, Advertising, marketing, and promotion. All of these stages need a specific investment. To help recover these costs, new branded medicines are given patent protection when they are first sold. When this patent ends, other companies are allowed to make and sell its generic version.