Canada Generic Drugs Save More Lives and Dollars

Since economic crisis have risen around the globe, we have been seeking ways to decrease our expenses.  And, medicine being one of our basic needs in order to survive, generic drugs came in just in time, and its demand has increased tremendously brought by its advantages over its branded drugs counterpart.

Specifically, the needs for several brand-name Canadian prescription drugs have given ways for generic Canada drugs to enter Canada as well.  Since generic Canadian drugs offer various desirable benefits to both developed and developing countries, Food and Drug Administration (FDA) has its assessment and approval fully controlled and regulated in order to secure the health and welfare of the public.  As such, it is made sure that generic drugs have completely met certain standards and tolerances prior releasing it for market availability.

Save more lives

The availability of generic drugs enabled the lower class to purchase a cheaper version (but of the same quality) of an expensive name-brand medicines.  Plavix in particular is a generic counterpart of a pricey trademarked blood-thinning and heart-attack reducing drug.  Before its introduction and availability, many individuals diagnosed with a heart disease neglect to buy their dose of maintenance.  In lieu, with generic drugs thousands of people managed to lengthen their lives and improved their daily physical performance wherever they go.

Generics’ low price is usually associated with poor strength, purity, stability, safety, quality and efficacy,  which is not the case since generic drugs have no chemical (active ingredients) difference with its branded counterpart (as mentioned earlier) its assessment and approval is fully controlled and regulated by FDA.  That is, FDA requires generic drugs to undergo laboratory and clinical trials, both to prove strength, purity, stability, safety, quality and efficacy.  Thus, it is assured that it has the same medical effect, offering the same effects as the drug it duplicates (in a specified statistical tolerance limit).  They only differ in prices and brand names.

Save more dollars

The greatest benefit of generic drugs is its economic aspect – costs 35 to 70 percent lower compared to name-brand medicines.  You can enjoy great savings using generic drugs as long as the patent of the name-brand version has expired (usually after 17 years).  Generic pharmaceuticals can reverse-engineer an existing branded medicine and produce it under a non-trademarked name.  What makes generic Canada drugs affordable is that it does not undergo long, expensive process of researching, development, testing, marketing and advertising, which costs around 800 million US dollars.  Also, it saves billions of dollars on health care insurance – a certain study cited a savings of 734 billion dollars over the previous decade.  These huge savings are then passed directly onto their customers.