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Common questions and answers about Canadian Pharmacies.

Online Pharmacies Benefit Patients World Around with Affordable Branded and Generic Drugs

Friday 5 August 2011 - Filed under Generic Drugs

Generic Drugs from World Bank Indonesia

It is a fact that branded drugs are much more expensive than generic drugs in the market. This is because manufacturers of generic medicine do not have to incur the cost of Research & Development costs involved in the innovation of the drugs or the initial marketing costs. The average cost of discovering and testing a new drug is approximately USD800 million while the cost of marketing the product far exceeds the cost of developing. Added together, there is a very high sum of money which needs to be recovered by the innovating company. This is done by pricing the product high during the patent period during which the innovating company holds the monopoly supply rights to the market. Once the patent period is over, the other pharmaceutical companies can reverse engineer the product and manufacture the product without having to incur any of the R&D costs. “This is the only difference between branded vs., generic drugs

2011-08-05  »  admin

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