What is Generic Medicine? A generic medicine is a pharmaceutical medicine that contains chemicals similar to a drug that is originally protected by chemical patents. Generic medicines are allowed for sale after the patent on the original medicine expires. For the treatment of any disease, a chemical (salt) is prepared after all kinds of research and study; Later, the drug was named. Each company sells this salt under different names. Some sell it at a higher price and some at a lower price.
According to the World Health Organization, health costs in developed countries and developing countries can be reduced by 70% if doctors prescribe generic medicine. The use of generic medicine accounts for only 10-12% of the total drug market. The greedy attitude of pharmaceutical companies, generic medical stores and doctors does not want to expand the market for generic medicine. In today’s world almost all types of generic medicine are available at lower prices than branded medicine . These cheap generic medicines can be a boon for the poor.
What is Generic Medicine? Generic medicine adheres to international standards so they are no less effective than branded medicine. Doses of generic medicine, their side effects are the same as all branded medicine. Generic medicine contains the same ingredients as branded medicine. These medicines meet the 'essential drug criteria' set by the World Health Organization. Permission and licenses must be obtained from the concerned authorities before generic medicine comes on the market, as