A generic medicine is basically a copy of a branded medicine that’s already been approved. It’s made the same way and works just as well as the original. So, if you use a generic medicine instead of the brand-name one, you’ll get the same results. For example, Paracetamol is a generic medicine, and Crocin is the brand-name version of it. Other companies might sell the same medicine under different names like Calpol, Dolo, and Metacin. They all have the same stuff in them, but Paracetamol is usually cheaper than the branded versions.
Generic medicines contain the same active ingredients as brand-name medicines and work in the same way, offering similar risks and benefits. They are just as safe as branded medicines. The FDA ensures that generic medicines meet these standards by conducting a thorough review process, which includes inspecting manufacturing plants and monitoring safety even after approval.
While there may be minor differences, such as inactive ingredients, between a generic drug and its branded counterpart, these differences are generally insignificant from a medical perspective. Both branded and generic medicines may have slight variations in size, purity, strength, and other factors during bulk production, which the FDA considers acceptable.
Why Are Generic Medicines Cheaper Than the Branded Ones?
Generic medicines are comparatively cheaper than branded ones. Here’s a brief explanation of it. When a company creates a new medicine and gets approval from the FDA, they patent it, which means only they can sell it for about 20 years. During this time, they can set the price high to make a lot of money.
After the patent ends, other companies can make the same medicine, but they sell it as a generic version. The FDA checks if it’s safe and works like the original. Since the generic companies don’t have to do all the expensive tests like the original company did, they can sell it cheaper, usually around 80-85% less.
Because many companies can sell the same generic medicine, there’s more competition, so the price goes down even more. This makes it easier for people to afford important medicines.
Generic medicines help a lot of people who can’t afford expensive treatments, but not all medicines have a generic version available.
Do Pharmacy Apps Lower the Cost of Medicines?
Indeed, online pharmacy apps often lower the cost of medicines. They offer competitive pricing, discounts, and promotions, making medications more affordable. By eliminating the need for physical stores, they reduce overhead costs and pass on the savings to customers. Additionally, they provide access to generic alternatives, which are usually cheaper than brand-name drugs but equally effective. Overall, pharmacy apps help people save money on their medication expenses, making healthcare more accessible and affordable.
Medicine apps like Truemeds offer a wide array of generic medicines; you can get the medicines at lower prices. Here’s how pharmacy apps help lower the prices of medicines:
1. Competitive Pricing: Pharmacy apps offer competitive pricing on medicines, often lower than physical stores.
2. Discounts and Offers: They provide discounts, coupons, and special offers on medications, helping customers save money.
3. Reduced Overhead Costs: Pharmacy apps don’t have the expenses of running physical stores, so they can pass on the savings to customers by offering lower prices.
4. Generic Alternatives: Pharmacy apps offer generic versions of medications, which are typically cheaper than brand-name drugs but work the same way.
5. Bulk Purchasing: Some apps offer discounts for buying medicines in bulk, allowing customers to save more money.
6. Online Comparison: Customers can easily compare prices of medicines from different apps to find the best deals, ensuring they get the lowest prices possible
How to Avail Discounts on Healthcare Products and Generic Medicines with Online Purchase from Pharmacy Apps.?
Here’s how to avail discounts on healthcare products and generic medicines with online purchases from pharmacy apps like Truemeds:
1. Check for Discounts: Look for special discounts, promotions, and offers advertised on the pharmacy app. Online medicine apps generally offer discounts that they share through notifications.
2. Apply Coupons: Use any discount coupons or promo codes the app provides during the checkout process.
3. Bulk Buying: Consider purchasing larger quantities of medicines or healthcare products to grab the maximum discounts offered by the app.
4. Compare Prices: Compare prices of healthcare products, supplements, and generic medicines across different pharmacy apps to find the best deals. It might take you extra 5 mins , but you can easily grab a good deal.
5. Generic Alternatives: Opt for generic medicines, which are often cheaper than branded medicins but work the same way.
Keep an eye out for special promotional offers, such as buy-one-get-one-free deals or discounted bundles, on the pharmacy app.