What are Patented drug/innovator drug product/branded original?• Drug that is put out by the company that spends billions of dollars on research to discover a molecule of a substance.
What are Generic Drugs?• Generic Drugs is a drug which is produced and distributed without patent protection.
• Generic Drugs is a copy of original/innovator. Has the same active ingredient and quality but costs less
• More generic drugs in the market brings down the costs of drugs due to more competition ex. Norvasc (Php 44) to Php 8 for Bezam, Php 11 for Pharex, Php 17 for Unilab.
• Generic Drugs are available once the patent protections afforded to the original developer have expired.