Abstract
THE BENEFIT OF GENERIC SUBSTITUTION ON HEALTH & ECONOMICAL OUTCOME

Sujit Abhang*, Namdeo Shinde and V. Y. Lokhande

ABSTRACT

Medicines have an important role in our routine life. Drug are available in two forms-branded and generic drug. A generic drug is a medication that have exactly the same active ingredients as the branded drug and give the same therapeutic effect, it is the same in dosing, safety, strength, quality, the way it works the way it is taken should be used. However, a generic drug can only be marketed after the branded drugs patent has expired which may take up to 20 years or up to the patent life.

Keywords: Generic drugs, Branded drugs, Generic name, innovator drugs, ANDA, FDA etc.


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