Why Are Generic Medicines Cheaper than Branded Medicines?
The concept of generic medicines isn’t new at all. A news report by Health Day reveals that back in the year 1920s the company that made Bayer aspirin fiercely fought to keep their generic medicine suppliers off the shelves. But, the company lost in court and the gates of generic options for aspirin were opened for them.
Within a recent 40 years span the drug companies have come a long way, where generic drugs are widely available and are carefully tested.