Why is there a cost difference between brand and generic medication?
Drug companies are for profit companies. Creating a new drug entity is an extremely expensive undertaking. Drug companies recoup their expenses and make a profit by keeping drugs on patent and recouping their development expenses. They also expect to make a profit for their efforts during the time the drug is on patent. • Is there a generic drug for my medication? Ask your physician or pharmacist if there is a generic medication that will meet your needs. Some medications are already off patent and are available generically. Your doctor can help you make a proper decision. • Why are some drugs not available as a generic? Some medications are not available generically because their patent has not expired.
Drug companies are for profit companies. Creating a new drug entity is an extremely expensive undertaking. Drug companies recoup their expenses and make a profit by keeping drugs on patent and recouping their development expenses. They also expect to make a profit for their efforts during the time the drug is on patent.
