generic pharmaceuticals belong to which category of new products course hero

by Ford Sauer 6 min read

What is generic medicine?

Generic drugs are marketed as offering the same benefits as their brand name equivalent, usually at a much cheaper price. Among the general public, however, there is often apprehension about these products, with many people believing that generic versions of drugs are inferior to the originals.

How much do generic drugs save the Canadian healthcare system?

Generic medications now account for 42% of all Canadian prescriptions, and are estimated to save the healthcare system $2.6 billion per year.