SAT High School

Why are generic pharmaceuticals significantly cheaper than name brand ones?

NEED HELP ASAP

Answers

Answer 1

Answer:

Generic drugs tend to cost less than their brand-name counterparts because generic drug applicants do not have to repeat animal and clinical (human) studies that were required of the brand-name medicines to demonstrate safety and effectiveness.

Generic pharmaceuticals are significantly cheaper than name brand ones because generic pharmaceuticals are not protected by patent law, so the lack of barriers to entry and increased competition keep prices down.

Also, the makers of generic drugs do not have to cover the cost of developing and marketing a new product.

Related Questions

A company’s new product is sold for $16.50 per unit. Product sales in the United States earn $400,000 and product sales in Europe earn $230,000. How many units does it sell altogether in the United States and Europe?

Answers

Answer:

16363

Explanation:

400000/16.5=2424.24

Round off to 2424

230000/16.5=13939.39

Round off to 13939

13939+2424=16363

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Answers

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Answers

The SAT is meant to measure a high school students readiness for college, and it provides colleges with one, data point which can be used to compare all applicants.
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Answers

Answer:

ANSWER: TRUE

Explanation:

HOPE IT HELPS THANKS ❤

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Answers

Answer:

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Explanation:

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Answer:

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Explanation:

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de cuvinte, o asemănare și o deosebire dintre ele.

Answers

Answer:

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