What makes GENERIC DRUGS cheaper?

why do Generic Drugs are cheaper than Brand name Medications?

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  • Anonymous
    7 years ago
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    The main reason that generic drugs cost less is because the manufacturers have much lower costs than the makers of brand-name drugs. This is because brand-name manufacturers often invent the drug, which can cost millions upon millions of dollars when you consider the research, resources and marketing that go into creating a product.

    Generic manufacturers, on the other hand, do not need to make these expensive investments. This is because everything has already been done by the brand-name manufacturer – the formula is known and the trials have been done. The generic manufacturers’ single responsibility is to ensure that its version matches the quality of the original. There is, however, one downside for generic drug makers – generic drugs are generally not considered as “cool” to patients as the brand-name drug. This is, perhaps, the result of an absent advertising budget. Regardless, generic drugs give you the exact same results, for a cheaper price.

    • Jess3 years agoReport

      As far as I know, generic drugs cost less than their brand-name counterparts because the manufacturers have not spent money on either research and development of the medicine, or buying the rights to sell it. http://all-day-chemist.us/ is a great place to order generics online.

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  • 7 years ago

    companies making generic drugs are generally not having to spend the money in research and development.

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  • 3 years ago

    Because Generics manufacturer companies not test generics before selling in marketing. Brand manufactures spend so much money in research and testing.

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  • Anonymous
    7 years ago

    Because the companies don't have to spend on advertising and other promotion.

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