Generic companies can produce the drugs as they find out the formulation of active ingredients, after the exclusivity period gets over. They can sell them in much lower prize than the branded and original company. This is why there is a lot of misconceptions or myths regarding generic medicines. Some misconceptions and facts to break these misconceptions are listed below in order to help you to take the correct decisions.
1. Myth: Generic drugs are not genuine because they are cheaper than the branded drugs.
Fact: This is nothing but a myth. The misconception lies because of an obvious reason. You can't see much advertisement of the generic drugs where as the huge promotion of branded drugs will lead you to trust them heart and soul. Branded drugs are 80 to 85 percent expensive than the generic drugs as per as the U.S. Food and Drug Administration. There is a reason behind it. The branded companies spend a lot of money for researching and manufacturing. Therefore they can't sell them in cheaper prize. Generic companies do not need to spend much money for manufacturing the drugs as they do not have to research much. Therefore they can sell it in lower prize easily. That doe not mean that the generic medicines are not genuine.
2. Myth: Older generic drugs loose its effectiveness.
Fact: This is out and out false. Advanced technology has triggered the scopes for variety of new drugs in the market. True, it takes a long time to get processed. A lot of research assures that the drugs are safe and they can not loose their effectiveness until or unless they are expired.
3. Myth: FDA differentiates between generic and branded drugs.
Fact: This is again myth. FDA only needs to check the safety, potentiality and quality of the medicines. They allow the generic medicines to be sold if they find them genuine.
4. Myth: Generic medicines have side effects.
Fact: This is not true at all. The other companies manufacture the medicines only when they find out the formulas. Therefore, there is no chance of such such effects as they are made out of the same formula of the branded medicines.
5. Myth: You can not take generic medicines if your doctor has prescribed you the branded one.
Fact: There is no such hard and fast rule. This is not about the generic or branded medicines but about the solution of the medicine. You can easily take the generic medicines of same solution of the branded medicines, your doctor prescribed.
6. Myth: It is wrong for a company to copy the formula of branded medicines.
Fact: Well! There is no crime in copying the formula of branded medicines as far as these formulas are executed properly. There are so many people who can not afford such expensive branded medicines. Generic medicines companies are taking care of their needs. They get the same beneficial medicines in much lower prize than the branded medicines. Therefore there is nothing wrong in it.
Do not go with the myths but follow the facts. You don't need to spend extra money in order to buy branded medicines. You can easily buy the generic medicines instead of branded medicines without fear. All you need to check the solution and the FDA affiliation before buying it. You can take your doctor's help in doing so if you are hesitating.
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