Generic Pharmacy Serves To Reduce The Cost
The entire process of discovering a drug and manufacturing it is a time consuming process. Initially any person or company who discover the drug have to isolate the active principle, formulate the drug, and manufacture it on a small scale and finally test through case control trials. When the drug is being manufactured on a large scale for the common people to use, the manufacturer adds up the cost of testing and manufacturing to the cost of the drug. This makes the drug costlier than usual. This is the place where generic pharmacy comes into play.
A novel concept which gives the right to manufacture a drug by other companies once the patent period is over. Generic pharmacy serves to reduce the cost of essential medicines and increase their availability as per the demand of the health sector. The heartening part of generic pharmacy is that a new company that manufactures a drug will make sure that the drug is bioequivalent to the original one and has the same efficacy and potency. This means that only brand name differs for many drugs but the active principle tends to be the same. Adverse effects too would follow suit.
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