Everything about Pharmacy and Pharma Industry.

 > According to the Food and Drug Administration (FDA): “[G]eneric drugs…are just as safe and just as effective as their brand-name counterparts, and they are a cost-effective way of achieving substantial savings.” “[A] generic drug is identical or bioequivalent to a brand-name drug in dosage form, safety, strength, route of administration, quality, performance characteristics and intended use.” Generic drugs contain the same active ingredients, in the very same strength, as brand-name drugs. When a medicine is first developed, the pharmaceutical company that discovers and markets it receives a patent on its new drug. The patent usually lasts for 20 years, to give the originating company a chance to recoup its research investment. After the patent expires, a generic version of the drug may become available. Generics are marketed under the drug’s chemical, or "generic," name and meet the same FDA quality and effectiveness standards as the original. pub-8765288961168798 Gene...