What are Generics?
On pharmaceutical market Canadian Family Pharmacy there are two groups of drugs – original and generic. The first are expensive, and the latter – by many times cheaper. Surveys show that not more than 20% of patients know about their existence and difference between them.
Original product is a new development of pharmaceutical company, which first discovered, synthesized and patented it for many years (usually 20). During this period, the drug can be produced only by this company. Original drug is often unique in its kind and has no analogues among competing companies, so you won’t be able to find an analog in pharmacies as long as patent protection is valid. When patent protection expires, this initial preparation will cost more than all other analogues.
Why are original drugs so expensive? The fact is that not all new molecules reach the stage of medication – usually out of 5000 – 10000 newly discovered molecules not more than a dozen gets to pharmacy shelves. This is because molecules with at the beginning are tested for safety and efficacy in all possible and impossible ways, for which numerous clinical trials involving large amount of people and technical resources are conducted and it takes about 10 years for these researches. These costs, including «failed» molecules, are included in new drugs price. It also includes costs for marketing, training doctors and pharmacists, post-marketing studies during several years after releasing drug on the market in order to obtain broader safety data. At average, for introducing one of the drug on the market it requires about one billion dollars, and while patent protection is valid, pharmaceutical company Canadian Family Pharmacy is trying to recoup their costs, earn money for the next development and make profit. All this explains high prices for original drugs.
Time passes, and patent protection expires, and from that moment there appear generic drugs on pharmaceutical market that are in fact copies of original drugs. There is a logical question – why are they cheaper? They are cheaper because their producers do not need to spend money on their development, they work with a ready medical product, there is no need to prove its safety and effectiveness in numerous studies – it is made by company-developer. That is why generics are significantly lower in price, even though requirements for production of generics and originals must be exactly the same, but in practice this is not always the case.
You may have noticed or will notice now that generics cost also varies greatly – from expensive to very cheap. It also has an explanation. The fact is that preparations should be made in accordance with the GMP requirements (good manufacturing practice). In addition, the WHO (World Health Organization) has specific requirements for generics equivalence (similarity) to original drugs, namely it is necessary to determine bioequivalence, pharmaceutical equivalence (i. e., complete coincidence of all fillers and pigments in original and generic drugs) and therapeutic equivalence (proof of completely identical actions of both original and generic drugs). Those drugs that have gone through all the stages of research are expensive, those, that have undergone only laboratory-defined bioequivalence are very cheap, but their curative effect so often disappoints patients and frustrates doctors.
Canadian Family Pharmacy can assure its clients that all drugs presented in products list, have undergone all tests and researches and are of best quality. Our manufacturers guarantee effectiveness and quality of produced drugs and provide all necessary documents and certificates to prove customers their reliability.
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