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NEWS ARTICLE
Generic drugs are just as effective as their branded counterparts. But these
unbranded medicines must be purchased from accredited pharmacies or
drugstores, the Department of Health (DOH) reminded Filipino consumers
in an advisory posted on its social media sites.
Generic drugs are those not covered by patent protection and are labeled
only by their international nonproprietary or generic name.
Cheaper alternatives
Insights
The use of generic drugs is expected to grow over the next few years as a
number of popular drugs come off patent through 2017. Pharmaceutical
companies are formulating new branded drugs through studying, conducting and
investing huge amounts of money for research and development reaching a span of
10-15 years. After a long and strenuous effort, an approval process will be
required by the Food and Drug Administration for demonstration that is it safe
and effective ensuring that it will do no harm against the health of the people.
Since it is expensive and time consuming, the FDA typically gives drug companies
12 years of patent protection to allow them to regain their investment, earn profit
and endorse their own product exclusively under their trade name. After the patent
from the branded drug ended, generic drugs are formulated and sold for a lower
cost.. They are cheaper but they must also meet the strict guideline so that the same
amount of active ingredients is delivered to the body at the same time but
REMEMBER Generic drug is not always the best choice.
Thats why RA 6675 not only encourages people to use generic drugs but also
promote, ensure and emphasize the safety and protection of people against adverse
reaction while having the benefit and at the same time, saving a huge amount of
money.