People in today’s world are busy with their lifestyles and do not have time to spend on their health. Not only that, but they are also afraid to touch their savings for health care. Consequently, every common man now looks for alternative medicines as well. The generic medicines are preferred over the branded ones here. Before a generic drug can be approved by the FDA, it must meet rigorous approval standards. As a result, generic medicines are almost as strong, durable, and high-quality as brand-name medicines. Generic and branded medicines differ due to many factors. In addition to appearance, competition, production costs, approval standards, and availability, there are other factors to consider.
According to the FDA, generic drugs cost 80-85% less than branded drugs. The price of branded drugs increases each year. Research costs for generic drugs are lower than those for branded drugs as well. Benefits are usually the same. Animal and human studies are not performed. Since generic medicines may not work immediately, most people prefer to purchase generic drugs. Generic drugs are more affordable for some people.
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