The manufacturer responsible for the discovery of a new medicine may apply for patent protection to stop other organizations from manufacturing and selling the drug. This protection can take as long as twenty years. During that stage, the corporation would manufacture and distribute the medication under a brand name to regain its initial capital commitment and generate a profit. However, after the patent has come to an end, other manufacturers will be authorized to manufacture a medication that is functionally identical to the original. This resulted in the creation of brand names and generic names for pharmaceuticals.
What are branded medications?
The pharmaceutical manufacturer that develops the drug is the one that comes up with the brand name for the product. Once a medication has been given a license, only the organization that has the patent for that medicine will be able to sell it under that name. If another company wants to sell the drug, it will need to come up with a brand-new name.
What are generic-name medicines?
Generic medication and a brand-name drug have the same proportion of their respective active ingredients. For the pharmaceutical maker to recover the expenses associated with research and development, brand-name pharmaceuticals are protected by a patent, which acts as a unique license. When a drug’s patent expires, other companies may apply to have a generic version of the medicine authorized. On the other hand, the color, shape, and non-active components may be different.
The Food and Drug Administration (FDA) in the United States claims that a generic version of a drug works similarly to its brand-name equivalent and gives the same therapeutic effect.
What are the key differences between brand-name and generic drugs?
1) Differences in the medicines’ inactive ingredients:
When comparing brand-name and generic pharmaceuticals, the inactive ingredient content of each kind of medication is really what makes them different from one another. Because the FDA is more focused on the active components of medications, the inactive components of generic and brand-name formulations of the same drug are not identical. This is the reason why it is necessary to look through the list of ingredients that is written on the packaging of the medication and determine whether or not it contains any components that are harmful to your health.
2) Less expensive substitutes to the branded drugs:
In most cases, the total price as well as the health co-pay is less expensive. There is a possibility that the price may be decreased by between 20 to 80 percent. This is how it is supposed to work because companies that manufacture generic medicines or pharmaceuticals do not have to face the same investment expenses as companies that manufacture brand-name versions of drugs.
3) Different manufacturers, including:
Generic medications are made by a variety of companies, and the specific brand you get will depend on the pharmacy you visit.
Why are there variations in color and taste between various brands of generic drugs?
Generic medications cannot match their brand-name versions in appearance due to legal restrictions; however, they are required to contain the same active ingredients and have the same therapeutic results. These variations are often the result of the use of non-active chemicals, such as colors, fillers, and preservatives, which have a role in determining the size, shape, and color of the final product.
It is for this reason that patients are advised to take their medications exactly as prescribed by their doctors. Your physician can match your medical history with certain inactive ingredients in a specific generic drug that may cause an adverse reaction in your body, whereas the branded or another generic version of the same drug may not have this effect.
How can you be sure you are obtaining the correct medication when you go to the pharmacy?
If your doctor allows you to substitute a generic form of a brand-name medication that you have been prescribed, the active component will be specified on the medicine label. Therefore, ignoring the fact that there are changes between brand-name pharmaceuticals and generic drugs, the active components are, in effect, the same. However, you may ensure that you are purchasing the correct medication by consulting with your physician before you fill out your prescription list. You cannot judge whether or not two medications are equivalent based just on their appearance; rather, you must have a detailed knowledge of the proportions of their active ingredients.
When compared to medications with the same active ingredients but a different brand name, generic medicines are much less expensive.
Generic medications are more affordable than their brand-name equivalents because the expenses of producing generic pharmaceuticals do not include the charges of developing and marketing the brand-name drugs. In most cases, the costs associated with the new medicines will include those related to research, patent protection, development, marketing, and promotion. Generic medications, on the other hand, don’t have any of these expenses attached to them. Because of this, the regulations allow the manufacturer of the brand-name medicine to recover its investment before permitting generic drug manufacturers to develop and sell similar drugs.
It could be suggested that the licensing of generic pharmaceuticals be done so to reduce overall drug costs and increase their availability to a greater number of people at more reasonable pricing.
The misunderstanding between generic and brand-name drugs has been effectively explained in this article. We follow the law to use our expertise to guarantee the best possible results for our patients and to push for improvements that will enhance the quality of care our patients get. In order of doing our responsibilities as pharmacists, we need to concentrate on increasing patient compliance, educating them about the facts, and maintaining open lines of contact with their doctors.
Overcoming difficulties and educating patients and doctors on the reality of generic vs brand may effectively improve generic medication and, ultimately, give affordable healthcare, according to studies.
How to find generic medicine for branded medicine in India?
If you want to buy generic medicines of your brand-name drugs, you may consult the pharmacist at the nearest drugstore. If you want to buy generic medicine online with home delivery, a discount offer, or monthly savings on your bill, or if the pharmacy shop is unable to provide the medications you need, you may also use an online platform such as Truemeds. You can buy generic medicine online from Truemeds and get up to 72% saving with free home delivery. This online generic pharmacy offers home delivery of a large selection of prescription and over-the-counter pharmaceutical products, as well as other consumer healthcare goods and teleconsultations. Truemeds is India’s most reputable and trustworthy online generic medicine store. When you place an online order for your required medications, you may be able to save more money by selecting alternative or generic medications recommended by our Truemeds professional physician.