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What is the Role of FDA in Generic Medicine Industry?

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  Generic medicines need approval from FDA to manufacture and distribute generic medicines. These  FDA approvals are granted to generic medicines manufacturers only if they maintain the same standard as that of the brand-name medicines.   What is the role of the FDA in the generic medicine industry?   FDA conducts inspections of manufacturing plants, ensuring compliance with the agency's regulations on good manufacturing practices. According to FDA, the manufactured generic medicines need to work in the same way and provide the same clinical benefit and risks as their brand-name counterparts. A  franchise of generic pharmacy   sells generic medicine that is the same as a brand-name medicine in dosage, safety, effectiveness, strength, stability, and quality, as well as in the way it is taken.

Why Do Generic Medicines Matter?

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  Generic medicines are the affordable counterparts of brand-name medicines. They provide the same quality as brand-name medicine at affordable prices and thus are essential. This is why several generic medicine store franchises opened in India. Why are generic medicines essential? Generic medicine provides good quality medicines at affordable prices. The price difference between brand-name medicine and generic medicine is as high as about 80%, which means that medicines that are much more expensive than an ordinary man’s budget can be made available at affordable prices. The healthcare system can be improved, and more welfare programs related to generic medicines can be introduced. Medicine prices for the most critical diseases like diabetes, blood pressure, and cardiovascular diseases are costly, and even the middle class in India cannot afford them daily. These medicines are needed every month, and thus it becomes essential to provide cheaper versions that do not compromise the qua

Does Generic Medicine Work Just Like Branded medicine Do?

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Generic medicine manufacturer companies do not compromise on the quality and ingredients and produce the same medicines as the branded ones. All generic medicines follow the standards set by FDA. What factors are shared between a generic medicine and a brand-name medicine? Safety, dosage, quality, effectiveness, and strength are taken care of in generic medicine, as with branded ones. Generic medicines even have the same side effects and benefits as brand-name medicines. The generic medication meets the standards which the FDA conducts. FDA monitors the generic medication or medicine safety after been approved and brought to the market. However, you might find natural variability to some extent when produced on a large scale. This slight variation in size, strength, purity, or other parameters is permitted. To sum up, the difference between generic and branded medicines is similar to that between branded and branded ones.