What is Generic Medicine?
A generic medicine is the same medicine as pharmaceutical medicine, containing the same component which branded medicine has. Generic medicine has the same active pharmaceutical ingredient. but it may have a small difference in packaging, colouring, taste, process and formulations.
These manufacturing companies may not be associated with any brand but they are subject to government regulation. A generic medicine must contain the same active ingredients as original medicine does.
Feel Proud that India is the leading country in the generic drug market on Globe. In 2019-20 (April-March) India had export drugs with a value of US$ 20 billion. These drugs mainly exported to the US and the European Union.
What is the difference between Generic Medicine and Branded Drugs?
As I mentioned above that Generic medicine has the same active pharmaceutical ingredient as branded medicine has. There is a big difference between both of them is cost. There will be a difference in cost in average may up to 85%.. So you may get some generic medicine 85% cheaper than branded medicine.
Blow is the small price comparison for branded and generic medicine
Price Source : Netmeds & MedbuzzAt last call is up to you about choosing the medicine. The effect of both the medicines are same only. But it makes a difference on price and your pocket.
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