Generic Medicines | Biomedgrid

Introduction: Generally, a drug is any chemical substance capable of affecting the functioning of the organism of each living being or microorganism when penetrates the living organism. Purpose: The purpose of this review study focuses on the characteristics, properties and contribution of generic drugs to modern therapeutics. Methodology: The study material consisted of articles on the topic found in Greek and international databases such as: Google Scholar, Med net, PubMed, Medline and the Hellenic Academic Libraries Association (HEAL-Link). The exclusion criterion for the articles was the language, except for Greek and English. Results: Every new “original” drug for marketing has been protected for some time with rights after its final approval such as banning its production by another company or banning the production of the active substance and patent, etc. During this period, the cost of research and development is proportionally included in the price of the drug, from the discovery of its active substance to its circulation. Upon the expiry of this period, as always determined by national and international law, all such expenses are considered to have been amortized. Other drug companies are then granted the right to produce it. So, it is then considered a generic drug. Conclusions: Generic medicines play an important role in the pharmaceutical market because they offer effective treatment at low cost. According to both National Medicines Agency (EOF) and the Panhellenic Association of Pharmacists, generics are bio-equivalent formulations and safe for human use.