In recent times demand for Generic drugs has increased in the past and many consumers are moving towards these. The basic reason behind this is that they cost less than branded Medications. Cost of Medications has also reached its sky in recent times. There by to save money, people have started moving towards alternative sources that is Generic drugs. These Generic drugs are considered as substitutes of branded Medications as they have same salt composition and formula as of branded Medications. The effect of these Generic Drugs is also same as of branded Medications.
Since these Generic drugs cost less, a myth is created in the mind of people that they are of inferior quality and that is the reason that they cost less. But this is not the case; there is a logical reason behind low cost of these Generic Drugs. These generic Drugs are prepared after the patent law of Branded medications expires. The Manufacture of these Generic drugs do not have to incur the cost involved in Research and development, testing of the medications, marketing cost and most importantly they are saved from buying patent protection act , that itself involves a huge investment. Since the manufacturer is saved from all these expenses as they are supposed to follow the same steps and ingredients as present in branded Medications there by consumers are also saved from paying the heavy amount.
This is the basic logical reasoning that why they cost less. This point explains and removes all the myths from the minds of the people that they are low quality medications. For a drug to be a Generic substitute of any Branded Medication it is important that they have the same standards as Branded drugs and there are regulatory authorities present like FDA that keeps a track whether the norms are being followed or not. In case of any discrepancies found serious action are taken against the manufactures.