GENERIC MEDICINE Important
Jun 10, 2023
GENERIC MEDICINE
Generic medicine refers to medications that are produced and sold under their chemical or active ingredient name, rather than a brand name. These medications are bioequivalent to their brand-name counterparts, meaning they contain the same active ingredients, have the same strength, dosage form, route of administration, and intended use.
Generic medicines undergo rigorous testing and approval processes to ensure their safety, quality, and effectiveness. They provide a more affordable alternative to brand-name medications and can save patients significant costs, especially when it comes to long-term medication use.
When a pharmaceutical company develops a new medication, they usually patent it, allowing them to have exclusive rights to produce and sell the drug for a certain period. Once the patent expires, other manufacturers can produce generic versions of the medication, as long as they meet the regulatory requirements.
For further information please contact:
contact@sterispharma.com
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