subject: Canadian Pharmacy Online: Top 2 Reasons For Buying Generic Drugs [print this page] Canadian Pharmacy Online: Top 2 Reasons For Buying Generic Drugs
According to the 2011 reports of the Canadian Generic Pharmaceutical Association, the generic drug industry of Canada generates 40% of its sales by exporting made-in-Canada pharmaceuticals to the US and other countries. Furthermore, the report suggests that Canada's generic pharmaceutical industry spends nearly $615 million on research and development on an annual basis. Generic drugs are close copies of their branded counterparts. They are either identical or pharmaceutically equivalent to their branded counterparts with respect to their pharmacodynamics and pharmacokinetic properties. There are several benefits of buying generic drugs from a Canadian pharmacy online.
Canadian Pharmacy Online: Benefits of Buying Generic Drugs The following are few reasons to buy generic drugs from a Canadian pharmacy online: Reduced Costs: Prescription drugs in the US are much more expensive than their counterparts in other countries. Buying prescription drugs from a Canadian pharmacy online can help you save a significant amount of money. Moreover, purchasing generic drugs from a Canadian pharmacy online can help you save an additional 60% to 90% on your medical expenses. Why so?
The generic drugs are relatively less expensive as compared to their branded counterparts. They cost nearly 3-4 times less than the branded versions. This is due to the fact that pharmaceutical companies, which formulate the original drugs, invest a lot of money and resources in R&D. The pharmaceutical companies carry out clinical trials to check the safety and efficacy of the drugs and also get government approval for selling them in the market. According to the Pharmaceutical Research and Manufacturers of America, it costs more than $800 million and takes over seven years to introduce a new drug to the market. Moreover, the branded drug manufacturers also spend a lot of money on marketing and advertising their drugs, which contributes immensely to the costs of the drugs. However, the manufacturers of generic drugs simply copy the original formula of the branded drugs. Therefore, the costs of research, development and conducting clinical trials are significantly reduced. The reduced costs involved in the production of generic drugs enable the manufacturers to charge economical prices for their products. Safety and Quality: Many people are concerned about the quality and efficacy of the generic drugs, since these drugs are cheaper than their branded versions. However, the generic drugs available at a Canadian pharmacy online are just as effective and safe as their brand name counterparts. The generic drugs are properly reviewed and approved by a federal regulatory body, such as the Canada's Therapeutic Products Directorate or the U.S Food and Drug Administration (FDA). The regulatory boards in Canada require the generic medicines to have the same active ingredients, effectiveness, purity, stability and quality as the branded drugs. However, the generic drugs available at a Canadian pharmacy online may vary from their branded counterparts in terms of shapes, colors, flavors and inert and inactive ingredients.
