Last updated on October 7th, 2024 at 05:11 pm
This is because generic manufacturers do not have to invest in the research and development of the medication. Instead, they can use the same formula as the brand-name medication, which has already been developed and tested.
In addition, generic medications may be subject to price competition from multiple manufacturers, which can help to drive prices down. Brand-name medications, on the other hand, often have only one manufacturer, which can make them more expensive.
Overall, the lower development and production costs, as well as price competition, can contribute to the lower cost of generic medications compared to brand-name medications. At medkart.in you can avail up to 85% discounts on medicines.
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