GENERIC / EQUIVALENT PHARMACEUTICAL FORM
Generic medication is a medicine that contains the same amount of active ingredients and has the same bioavailability as another patented patent.
The patents offered by the patent allow the company, which has supported the costs of research and launch of an innovative drug, to keep the monopoly in selling this drug over a period of 20 years. At the end of the patent protection period a drug may be produced by other pharmaceuticals and offered on the market at a lower price.
Because of its inadequate negative meaning in relation to the drug, for some time in Italy it has been preferred to replace the term “generic“, with “equivalent“, a term that makes greater justice to the value of the generic medicine.
Equivalent means “that’s just like the other”. Equivalent medicines have the same efficacy, safety and quality as the corresponding branded medicines, but they cost less than 20% to 50% because, having expired the patent that allowed exclusive production to the firm that had “discovered“ First, even other companies can produce them. In fact, the patent lasts for 20 years and serves to recover the costs incurred for research.