Why do generic medicines cost less than brand ones?
Unlike generic drugs, a large part of the costs incurred by original manufacturers of brand name drugs are for research and development and advertising. Companies, manufacturing generic medicines do not have to invest in any research and development or pay for advertising and marketing. It is only necessary to purchase a chemical formula to produce a generic drug. Consequently, you get world-class drugs at a reasonable price!
Related Questions
- What percentage of the total number and cost of prescription drugs covered by the province do generic and brand drugs account for?
- What does the term "generic" mean? Are generic medications effective the same as the brand name medicines?
- What is the meaning of "generic"? Will generic medicines yield a similar effect as brand name products?
