9th science 2 8 lesan project information
8 useful and harmful microbes
Collect information about generic medicines and discuss them in the class.
A generic drug is a pharmaceutical drug which is equivalent to a brand-name drug product in its dosage, strength, route of administration, quality, performance and intended use but does not carry the brand name. The generic drug may differ from the original in non-essential characteristics such as colour, taste and packaging.
Although they may not be associated with a particular company, generic drugs are usually subject to government regulations in the countries where they are dispensed.
Generic drugs are usually sold for significantly lower prices than their branded equivalents and at lower profit margins. Generic companies incur fewer costs to create generic drugs that include only the cost of manufacturing. This does not involve the costs of drug discovery and drug development and therefore, they are able to maintain profitability at a lower price.
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