Generic medicine contains the same active ingredients or component, in the very same amount or strength, as brand-name medicines. When a drug is first formulated or developed, the pharmaceutical organization that discovers and markets it gets a patent on its new medicine. The patent commonly lasts for 20 years, to give the originating organization a chance to recoup its research investment. After the patent is eliminated or expires, a generic version of the medicine may become available. Generics are marketed under the drug’s chemical, or “generic” name and meet the same food and drugs administration (FDA) quality and effectiveness standards as the original.
A generic medicine functions in the same pattern and provides the same clinical benefit or advantage as its brand-name medicine. This standard applies to all food and drug administration (FDA) of USA approved generic drugs. A generic medicine is the same as a brand-name medicine in effectiveness, strength, stability, dosage, safety, and quality, as well as in the way it is taken and should be used. The generic medicines are cheap as compared to brand name drugs.
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