Generic Medicine: Generic medicines contain the same active ingredients as brand name medicines already approved by the Food and Drug Administration (FDA). Generics medicinal products only become available after the patent expires on a brand name medicine. Patent time-span may last up to 20 years on some medicines. The very same company that makes the brand name medicine may also produce the generic version. Or, any other company might produce it.
Brand Name Medicine: Brand name medicines are drugs that are discovered, manufactured and marketed by a specific pharmaceutical company. When a new medicine is discovered, the manufacturing company files for a patent to protect against other companies making copies and selling the medicine. At this juncture the particular medicine has a couple of names: a generic name that’s the medicine’s common scientific name (API) and a brand name to make it stand out in the marketplace.
Why Do Brand Name Medicines Cost More Than Generics: It typically takes so many years, costly scientific development and several clinical studies to get a medicine approved. Manufacturers of new brand name medicines (also known as Pioneer drugs) usually take on the research and manufacturing costs for new medicines. These research and manufacturing costs, along with marketing costs, account for most of the higher prices we pay for most brand name medicines.
In contrast, generic medicines comparatively have less research and manufacturing costs since the previous or original manufacturer has already done several studies to make sure the product is safe. These savings on research and manufacturing costs are directly passed on to the consumer.
However, while the brand name version is still protected by its patent, no generic alternatives can be developed. And, if a brand name medicine has only just recently lost its patent, there may only be a single generic form exist. Usually, when there’s only a single generic option, it will be more expensive.
Although brand-name medicines are out there to cure us, such medicinal products end up drilling a big hole in our wallets. Hence there are generic medicine suppliers like IKRIS Pharma, who are out there to supply and export quality generic products to every nook and corner of the globe.
We take massive pride to state that IKRIS Pharma Network is a quite popular name when it comes to supplying medicines. We are responsible for supplying both generic and brand-name pharmaceuticals. It is one of the forerunners among the top list of generic medicine suppliers in India.
Over years, we have been impeccably supplying the most trusted quality generic medicines all over the world. We have crossed our national borders and extended over Asia, American, European and African countries. Being one of the top generic medicine suppliers in India, would not have been possible without the persistent hard work of our highly qualified and experienced team members.
Why choose IKRIS Pharma for Generic Medicine Supplier in India:
We are a reliable name at the global level when it comes to top-notch quality generic medicines. Our world-class approach and facilities along with an extremely experienced team works around the clock to provide the best possible services. As a result, we are certified by the highest authorities like ISO 9001:2008, WHO, GDP, GMP etc.
Get in touch with IKRIS Pharma, India's top-most generic medicine company in India, for all your generic pharmaceutical needs. Our aim is to offer generic versions of popular brands at the lowest possible cost to reduce mankind’s suffering and make hard-to-access medicines accessible to everyone at affordable prices. Our contact credentials are:
Landline Number: (+91) 120 - 2400370
Mobile Number: (+91) 8130-290-915
Toll-Free Number: 18008891064
E-mail: info@ikrispharmanetwork.com
