Learn About Generics
What is a generic drug?
A generic drug is the equivalent of the original pharmaceutical product. It contains the same active substance as him. Essentially there is no difference between the generic and the original pharmaceutical product.
Any generic drug enters the market, identifying with the internationally accepted non-proprietary name (INN), as well as its trademark. In the EU the use of generic medicines is increasing, as they are an effective alternative to expensive original drugs.
Bioequivalence is strict compliance with generics
A key factor in the production of generic drugs is to ensure bioequivalence. This means that the implementation in equal doses of an original drug and its generic version is available the same percentage biologically active substance in the body. In other words, generic drug and the original medication are equally effective.
Generic medicines provide quality treatment at affordable prices
Regarding the criteria of quality, safety and effectiveness of generic drugs are identical to the original medication. Before he is entitled to be produced each generic medicine goes through exactly the same strict procedures of European or national health authorities as the original medicines.
The availability of treatment with generic drugs are expressed in their price, which is between 20% and 90% lower than the price of the original drugs. In European scale generics save over € 35 billion each year, their full potential to provide savings is not reached. Through affordable prices, according to market competitive principles generics and help to lower the prices of original drugs, thereby, albeit indirectly also help ensure savings for medicinal budgets.
Generics and economic dimension of health care
Ensuring the conditions for quality competition between generic and branded drugs is vital to reduce the prices of medicines and hence the cost of drugs. Increasing use of existing generic drugs and introduction of new generic products on the European market is essential to improve treatment options and expanding patient access to the necessary medicines.