Generic drugs available on My Mexican Drug Store are the same as brand-name drugs in safety, quality, strength and purpose. The FDA requires any generic drug to undergo clinical trials, both to prove safety and efficacy.
According to the FDA, a generic medication is identical, or bioequivalent, to the brand in dosage, form, safety, strength, route of administration, quality, performance characteristics, and intended use.
Not permitted to appear exactly like the brand-name drugs, generic medicines are as effective and safe as they possess the same active ingredients as their branded counterparts. Generic medicines become available when the patents on their brand-name counterparts expire, usually after 17 years. A generic drug allows a company to reverse engineer an existing product and manufacture it under a non-trademarked name.
The pivotal benefit of generic medicines is its affordability as they are 80 to 85% less in cost thus making these drugs reach people who cannot afford them. Brand-name drugs cost more because their prices incorporate pharmaceutical companies to recover the costs of research, development, testing and marketing.
Once generic medicines go on the market, they depend on the reputation of their brand name counterparts, requiring much less overhead to produce and advertise and passing the savings along to the consumer. Plus, more availability of a drug drives prices down and keeps them low.
One study cites that generic medicines have saved $734 billion over the past decade alone. These savings translate into lower insurance costs for businesses that provide health insurers and lower co-pays for patients buying these drugs. Consequently, they account for over 50 percent of all drug sales in the United States.
Log onto My Mexican Drug Store for a wide array of generic medicines available online and make healthcare easier on you and your pocket.
This entry was posted on Thursday, August 1st, 2013 at 6:35 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
