In Our Today's Economy, People Have Problems Affording Their Prescription Medication, Often Because They Don't Have Insurance To Help Pay The Costs, A New Study Has Found. More Than 26 Per Cent Of Those Who Did Not Have Drug Insurance Reported Not Being Able To Afford To Pay For Their Prescription Drugs. That Compares To Only 6.8 Per Cent Of Those Who Did Have Drug Insurance. In All, People Without Drug Insurance Were 4.5 Times More Likely To Avoid Taking Prescribed Medications Because Of Cost.
To Make The Cheaper Generic Drugs, A Lot Of Concerned People Wonder If Its Just As Effective And Matches The Same Quality As The Name-brand Drugs. Actually, Generic Drugs Are Only Cheaper Because The Manufacturers Have Not Had The Expenses Of Developing And Marketing A New Drug. When A Company Brings A New Drug Onto The Market, The Firm Has Already Spent Substantial Money On Research, Development, Marketing And Promotion Of The Drug. A Patent Is Granted That Gives The Company That Developed The Drug An Exclusive Right To Sell The Drug As Long As The Patent Is In Effect.
As The Patent Nears Expiration, Manufacturers Can Apply To The FDA For Permission To Make And Sell Generic Versions Of The Drug; And Without The Startup Costs For Development Of The Drug, Other Companies Can Afford To Make And Sell It More Cheaply. When Multiple Companies Begin Producing And Selling A Drug, The Competition Among Them Can Also Drive The Price Down Even Further. So There's No Truth In The Myths That Generic Drugs Are Manufactured In Poorer-quality Facilities Or Are Inferior In Quality To Brand-name Drugs.
The FDA Applies The Same Standards For All Drug Manufacturing Facilities, And Many Companies Manufacture Both Brand-name And Generic Drugs. In Fact, The FDA Estimates That 50% Of Generic Drug Production Is By Brand-name Companies.
CANADIAN PHARMACY ONLINE in Nanaimo is a company that specializes in Pharmaceutical Products. Our records show it was established in British Columbia.
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