in

Generic Medicines are Not Just Affordable, they are Safe and Effective!

Generic medicines have long played a pivotal role in healthcare systems worldwide. Known as off-patented drugs, generic medicines are bioequivalent to branded drugs in terms of dosage, strength, quality, form, effect, intended use, side effects and route of administration1. In the US, 9 out of 10 prescriptions given to patients are for generic medicines.

Production of generic drugs in the US has also stepped up due to a rise in the prevalence of chronic diseases across the region, such as cardiovascular diseases, diabetes, Alzheimer’s disease, and Parkinson’s disease which all require management with maintenance medicines.

In the Philippines, one of President Ferdinand Marcos Jr.’s first pronouncements when he stepped into office was to ease the financial burden on people buying medicines for maintenance and other treatments. He said that if there are cheaper generic medicines in the market, prices will be lower because of competition.

The President’s declaration is essentially the spirit of R.A. 6675 or the Generics Act of 1988 – an act to promote, require and ensure the production of an adequate supply, distribution, use and acceptance of drugs and medicines identified by their generic names.

One drugstore that has long supported this cause is Generika Drugstore— which has been making quality and affordable generic medicines and other healthcare essentials accessible to the Filipino market. It has also been taking an active role in expanding acceptance and utilization of generic medicines through various consumer education efforts, debunking myths that continue to persist. Here are some of them:

MYTH 1: Generic Medicines are not safe

THE TRUTH: Through the Food and Drug Administration (FDA), all medicines, whether branded or generic, go through a series of inspections and approval processes, usually taking around 60 days up to 6 months, to assure that these drugs are safe and of the highest quality. Likewise, the FDA regularly ensures that pharmaceutical products and establishments in the market comply with high-quality standards with good manufacturing practices.

MYTH 2: Generic medicines are not as effective as branded medicine

THE TRUTH: Generic medicines are as effective as branded medicines because both use the same active ingredient.

The Generics Act of 1988 defines active ingredients as the chemical component of medicines that is responsible for the therapeutic effect of any pharmaceutical product thus, emphasizing that the composition of both generic and branded products is equally potent and efficient. Apart from that, generic medicines are required to be the same as a brand-name medicine in dosage, safety, effectiveness, strength, stability, and quality, as well as in the way it is taken. 

MYTH 3: Generic Medicines are sold at low price because it is low-quality

THE TRUTH: Generic medicines undergo the same rigorous FDA approval process like branded medicines. They are, however, more affordable since they do not have to repeat the RND testing and clinical studies done by the originator brand.

No less than the World Health Organization (WHO) has given its support and approval in the promotion of generic medicines as a vital strategy to address challenges in affordability and accessibility to essential medicines4. For its part and for the longest time, Generika Drugstore has helped empower Filipino communities by making generic medicines readily available so patients are able to sustain their treatment regimen and complete their journey towards full recovery.

Written by Village Connect

In a world where free quarterly print and online publications rule, Concept and Beyond Publishing (formerly, Tesmarias Publishing) a publisher of Village Connect (VC) stands out as a pillar and a trailblazer, raising the bar for complimentary magazines with quality reads that are tailored to discriminating Filipino urbanites.

As a print and digital publication, VC strives to provide readers an insightful glimpse into the ever-changing business landscape through relevant dialogue and inclusive coverage of trending news, information, and lifestyle tidbits within (and outside) the metropolis.

On a bigger scale, VC identifies and promotes Philippine innovations in various industries and connects them with Manila’s young and upbeat populace.

Since its founding in 2011, VC emerged as a household and business name, with a monthly circulation of 50,000 copies distributed FREE in Metro Manila, VC is targeted toward select villages, multi-dwelling outfits (condominiums, serviced apartments), banks, and lifestyle facilities including salons, wellness institutes, and beauty and fitness centers. It is also exclusively carried by Figaro Coffee Shops in Metro Manila – truly living up to its goal of connecting villages and businesses.

“Get Connected and Join the Conversation”

Connecting villages to the urban world where villages and businesses come together. Your information hub for urban and corporate living.

Should you have further queries, please feel free to contact us at the telephone number, (02) 7255-1092 or mobile numbers: (0916) 704-7815 or (0939) 592-7990 or visit our website: www.villageconnect.com.ph

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Function Meets Design, Side by Side Refrigerator is a Great Fit for the Modern Kitchen

CCAP Highlights the Role of Generative AI in Keeping the ‘Heart of CX’ Strong