A generic medication is equivalent to it's brand counterpart, but is normally much less expensive. A generic drug must have the same active ingredients, path of administration, dosage form, power, and indications as cost with insurance the original brand product. generic health tablets medications are authorized by the U.S. Food and Drug Administration, and so are deemed to end up being as effective and safe as the brand name product.

Generics can't be sold until following the medication patent expires on the initial brand name product. pills for sale canada example, generic fluoxetine cannot be sold until the patent got expired on the brand equivalent Prozac. A medication producer applies for a patent to safeguard their drug from getting copied and sold by another business and losing profits.

Patents expire twenty years from the date of filing typically. During this period of patent safety, only the initial manufacturer can analysis, develop and sell the brand name medication. When the patent expires, other manufacturers can post an abbreviated brand-new drug program (ANDA) to the FDA for acceptance to advertise the generic version.

Generic drugs have lower research costs and improved market competition and those price in philippines substantial savings are offered to the patient. However, generic medicines still must meet rigorous FDA requirements regarding quality, performance, labeling, making, and bioequivalence. By law, generic drugs will need to have the same substances as the brand name product, and they can be expected to have the same effect when used in place of a brand drug.