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quality at a cheaper price Date : February 24, 2006 "Generic drugs", term used for prescription drugs identified by their chemical identity. FDA has permitted drug manufacturers other than the original developer to create a bioequivalent of the brand name drug and make it available to the public. In this more than one manufacturer can create the generic version like generic viagra, although in many cases the same pharmaceutical company that produces the brand name drug also makes the generic version. It prompts competitive pricing of the generic version of the drugs and usually results in a less expensive drug rather than purchasing brand name drugs. Reason behind the low cost of generic drugs! Generic drugs, like other new products, are typically made under patent protection. It protects the investment in the drug's development by providing the company the right to exclude others from selling the drug while the patent is in effect. When patents or other periods of exclusivity expire, manufacturers can make and sell the FDA approved generic versions. About the cost factor, the generic manufacturers have plenty of competition, less R&D costs, and spend much less on advertising and marketing efforts; they are priced much lower than their branded counterparts in most cases. Even if carefully observed we will find half of all prescriptions are filled with generic drugs The effect generic drugs have same quality, purity, strength & stability as brand name drugs. For generic counterpart behind every brand name drug, it should be noticed that brand name drugs are given patent for 20 years from the submission date of patent. So after the patent expires, other drug companies can introduce competitive generic versions. "FDA-approved generic drugs are bioequivalent and therapeutically equivalent to their brand name counterparts," says Gary Buehler, director of FDA's Office of Generic Drugs. "People can use them with total confidence." So generic drugs like generic viagra, generic Cialis can be an economical and effective pill for the public. -----------------------------------------------------------------------------
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