Did you know that nearly 50% of prescriptions
in U.S. today are filled by consuming Generic Drugs? In the very
recent future this is expected to raise up to 75-85% of consumption
thus, generic drugs provide you a platform to receive high quality
medication at considerably lower prices.
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FDA has ensured through their stringent parameters
that all drugs should be highly safe and extremely effective
and their advantages overshadow their jeopardy associated and
since all the generic drugs use the same active ingredients
as the brand drugs; they have the same less risk attached as
their brand-name counter-parts.
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Generic Drugs meets the same austere performance
and bio equivalence standards set up by the U.S. government
as the brand name drug.
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Generic Drugs are equally effective in terms
of quality, strength, purity, and stability as the Brand Drugs
and are strictly regulated by the FDA through legislation.
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The time taken by the generic drugs to start
acting on your body is the same time frame in which the brand
drugs start reacting, as a result of the same generic drug’s
ingredient in it.
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The American Medical Association (the largest
organization of medical doctors) has endorsed generic drugs
as acceptable for the American public.
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The side effects concurred by generic drugs
is also the same as that of the brand drugs, as the FDA monitors
the adverse drug reactions for both the drug types and has found
no difference in the working and side effects between them.
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The generic drugs are also not manufactured
in sub-standard facilities; as FDA won't permit drugs to be
made so. Approximately, about 3,500 inspections are carried
out in a year by the FDA to ensure standards are met.
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The Americans spent over $180 billion dollars
on prescription drugs in 2003.
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Only the United States and New Zealand permit
advertising of prescription medicines to consumers. In the U.S.,
the FDA relaxed restrictions in 1979 on what drug companies
could say in broadcast and print ads, leading to the present
flood.
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In the United States, about 50 percent of
all prescription drug purchases are accountable by the Generic
Drugs itself; therefore, consumers should be well informed and
confident when taking generic drug products.
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The different look of generic drugs in comparison
to the Brand Drugs is just due to the trademark laws that prohibit
the same look as the original drug.
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Generic Drugs doesn’t exist for all
the “Original Drugs”.
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Around 50% of the generic drugs are manufactured
by the brand name firms.
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Since, 1970 FDA has approved almost 10, 000
generic drug products. Since 1984, no Generic Drug has been
approved in the U.S. unless it has been shown to have the same
rate and amount of active drug absorbed as the brand name drug.
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There were a total of 77 generic drugs on
the list of the top 200 drugs sold in U.S. in the year 2000.
And of the top 10 prescriptions drugs products sold in 2003,
8 were generics, and the top prescription drug sold was the
generic version of Vicodin.
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According to the Congressional Budget Office,
consumption of Generic drugs allows consumers to save an estimated
$10 billion to $12 billion a year at retail pharmacies. And
Billions more are saved by the hospitals using those generic
drugs.
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The usage of Generics is very common by the
health care professionals in the hospitals for the treatment
of their patients.
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