A generic medicine is a pharmaceutical medicine that contains the same chemical substance as a medicine that was initially protected by chemical patents. Generic medicines are allowed for sale after the patents on the original medicines expire. Because the active chemical substance is the same, the medical profile of generics is believed to be equivalent in performance.
Why are generic medicines affordable?
Generic medicine makers do not have the expense of costly development, research, animal and human clinical trials, marketing, and advertising. These savings are passed on to the public from several generic medicine franchises. Also, after a patent expires, several companies will compete on a generic version of a medicine, further driving down prices.
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