For many years, generic drugs have been a key tool for helping consumers, health insurers, and public payers to reduce their prescription drug costs. Their availability is particularly important in view of renewed rapid health care cost increases, a substantial share of which is attributed to prescription drugs.
Pharmaceutical research is one of the most valuable industry domain, as it is directly associated with human health. Pharmaceutical industries put lots of efforts in terms of cost, time and labor to develop a single blockbusting drug. This innovator companies, and then gets a patents protection and exclusive right to sell the drug as long as the patent is in effect. Basic understanding of the generic drugs and brand name is essential to know how the pharmaceutical business. Every drug has two given names:
When it comes to drugs, do you really "get what you pay for?"
It's the most difficult question you've encountered at the store since the first time you were asked "Paper or Plastic?" You're at the pharmacy filling your prescription and the pharmacist turns to you to ask, "Is the generic version O.K.?" Your pulse quickens as you frantically weigh your options: generic drugs cost less, but are they really the same as the brand name version? Should you get the generic and save a few bucks?
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