Importance of Generic Medicine
May 13, 2023
There are several important benefits of generic medicines
1. Affordability - Generic medicines are generally less expensive than brand-name drugs, making them more accessible to people who may not be able to afford the higher cost of brand-name medications. This can be especially important for people with chronic conditions who require long-term medication.
2. Availability - Generic medicines can increase the availability of essential medications in developing countries, where access to healthcare and affordable medicines is often limited.
3. Safety and efficacy - Generic medicines are required to meet the same strict standards of safety, efficacy, and quality as brand-name drugs before they can be approved for use. This means that patients can trust that generic medicines are just as effective and safe as their brand-name counterparts.
4. Competition - The availability of generic medicines promotes competition in the pharmaceutical industry, which can lead to lower prices and increased innovation.
5. Public health - The availability of affordable and high-quality medicines, including generic medicines, is essential for improving public health outcomes, particularly in low- and middle-income countries where the burden of disease is often highest.
Overall, Generic medicines play an important role in ensuring access to affordable and effective healthcare for people around the world.
For further information please contact :
info@sterispharma.com
Call : 6377716668 / 8209542042
Visit : sterisonline.com
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