September
2006 »
More Cost-Saving Generic Drugs Available
5 September, 2006
Generic drugs are safe, effective,
less expensive and an option for an increasing number
of patients with many medical conditions.
According to the September issue of Mayo Clinic Health
Letter, generics make up more than 50 percent of drugs
prescribed today. Compared with brand name drugs, generics
can cost 30 percent to 80 percent less.
The popularity and availability of generic drugs
resulted from the federal Hatch-Waxman Act of 1984.
Then, only about 12 percent of prescription drugs
were generics. The act allowed companies that manufactured
generic drugs to forgo costly duplication of expensive
clinical trials already conducted by the developer
of the brand name medication.
To read more, Visit:
http://www.newswise.com/articles/view/523246/?sc=rsmn
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