Showing posts with label generic drugs. Show all posts
Showing posts with label generic drugs. Show all posts

Friday, June 5, 2009

Doctors Recommending Generic Drugs


Doctors have now understood the importance of the generic drugs and thus have started recommending them instead of branded drugs. The rise in increase of the prescription of the generic drugs was observed all over the world. Because of the lots of the pressure from the insurers, customers, and the government, finally physicians have started giving the generic drugs as the prescription drugs. Doctors have now understood that generic drugs are absolutely safe and have started prescribing them. Step therapy is a procedure in which doctors should first prescribe the generic drugs and if these drugs fail to produce the required effect then they should prescribe the more expensive brand-name drugs.

Last year was the tremendous growth period for the sale of the generic drugs. Generic drugs also saved the lot of money of the insurers as they need to invest very less amount of money as the generic drugs were very cheap in comparison to the branded drugs. Health insurers then started forcing the doctors to prescribe the generic drugs. Generic drugs save an amazing two-thirds off the cost of a typical branded prescription, or about $700 a year. Some of the savings passes through to consumers, but the bulk of it helps health insurers.

Previously, everybody was thinking that generic drugs were the duplicate drugs and were not safe for the human intake. Some rumors were also made that generic drugs were the drugs that were used by the animals and should not be taken as they cause severe side effects. But, like the lotus grows in the foggy water and still is the best, the same thing coincided with the generic drugs; and soon after the approval from the Food and Drug Administration, generic drugs became the favorite choice of the customer to combat the various diseases.

Insurance companies said that they are following legitimate medical protocol which explains that the step therapy procedure should be followed by the doctor. Government is also very happy with the use of generic drugs by the customers as it is allowing the government to save its money and the investment in the pharmaceutical sector. Physicians understood that the generic drugs are the choice of the new generation and thus started prescribing the generic drugs.

Sterling manufactured the first generic drug for the Aspirin and brought to market with the cheap price than the original branded Aspirin manufactured by the Bayer. Case was filed by the Bayer against the Sterling for copying their formulation and manufacturing the inferior quality drug that was harmful to the customers. Sterling won the case as it showed that it was not using the same formulation, and the generic drug it produced was showing same effects as the brand name drugs. Hence, the generic drug became available in the market for the consumers and the demand started growing.

Generic drugs soon became the favorite choice of the customer over the branded drugs because of the considerable low cost. The manufacturers were able to sell the generic drugs at low cost because of the competition when the drug is no longer protected by the patents. The other reasons for the low cost of generic drugs are no investment is done in the research of the generic drugs as it is already done by the original branded manufacturer, the generic drugs manufacturer only has to follow the formulation of the brand drug manufacturer. Generic drug companies receive the benefit of the marketing and advertising effects put by the brand-name drug companies. Thus, generic drug saves the lots of money of the generic drug manufacturing companies as well as of the customers. Some places even customers have started demanding the generic drugs, which has finally made doctors to prescribe the generic drugs.

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Sunday, November 23, 2008

Save Bills With Generic Pills

If you want to save your money that you spend on the drugs then go for the generics. “Save Bills with Generic Pills” is the new policy that is approved by the US government. You can save more than half of the money that you spend on the drugs, if you go for the generic versions of the drugs. Generic Pills are easily available in the market at the each and every pharmacist. You only need is to get the prescription from the doctor about the generic pills or for the branded pills and then ask to the pharmacist for the generic pills for the branded drug. You will be surprised to know that generic pills are the most selling drugs in the market. No need to worry while buying the generic pills as they are best in the quality and are approved by the Food and Drug administration in United States and also by the major scientific organizations in the world.

Generic Pills
are absolutely safe as they are brought to the market only after checking the quality standards and the clinical trials. It is mandatory for the generic pills to contain the same active constituent like the branded drugs and also in the same concentration. Thus, generic pills should be the pharmacological and pharmacodynamic equivalent of the branded drugs. Generic pills are identical or bioequivalent to their brand name counterparts. Generic pills should be similar in strength when compared with the original brand name drug. Side-effects of the generic pill can be less, but can not be more than the original brand name drug. Thus, if generic pills are exactly as per the above mentioned points then generic pills are approved to be sold in the market.

Generic pills are saving the money of both, the generic drug manufacturers and consumers. The generic pills are available in the market at very low cost because the generic pills manufacturer don’t have to pay any more money on the research of the drug as it is already done by the brand name drug manufacturer. Generic pill manufacturer only follows the same formulation used by the brand name drug manufacturer. The money spend on the clinical trials is also saved by the generic pill manufacturer as they are already carried by the brand name drug manufacturer. Advertisement and promotion is not required by the generic drug manufacturer. The lot of money is saved of the generic pill manufacturer. Thus, generic pills are available in the market at very low cost.

When costs of generic pills are compared with the cost of original drug they are found be less than the half of the cost of the original brand name drug, but still generic drugs are similarly effective like the brand name drug. Competition is seen between the generic drug manufacturers and brand name drug producers with similar therapeutic uses. Generic pills are now prescribed by the doctors following the step therapy as insurers are forcing the doctors to prescribe the generic drugs. Generic pills save an amazing two-thirds off the cost of a typical branded prescription, or about $700 a year. Generic pills are easily available in the market and they even do not require the prescription depending on the rules in the country in which you are buying them.

Generic pills manufacturers are making the double profits and saving the lots of money, which lead this manufacturer to earn a lot of money. Even consumers prefer the generic pills because of the low prices. Last year showed the tremendous increase in the growth of prescription of the generic pills. The figures show that 20% of the growth in sales was observed. Thus, if you are still not purchasing the generic pills, then please think of it twice, as you are wasting lots of money in buying the branded drugs. Use generic pills, save money, and enjoy the same benefits like the branded drugs