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Consider the following statements regarding Generic Drug:
  1. It is a medication that has exactly the same active ingredient as the brand-name drug
  2. It also has the same risks and benefits as their brand-name counterparts.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Generic Drug: It is a medi...
The Central government recently issued a warning to doctors at the government-run hospitals and CGHS wellness centres to follow the prescribed rules for issuing generic medicines.
About Generic Drug:
  • It is a medication that has exactly the same active ingredient as the brand-name drug and yields the same therapeutic effect.
  • It is the same in dosing, safety, strength, qualitythe way it works, the way it is taken, and the way it should be used.
  • These similarities help to demonstrate bioequivalence, which means that a generic medicine works in the same way and provides the same clinical benefit as the brand-name medicine.
  • They also have the same risks and benefits as their brand-name counterparts.
  • Generic drugs do not need to contain the same inactive ingredients as the brand-name product.
  • A generic drug can only be marketed after the brand name drug's patent has expired.
  • Generic drugs are usually much less expensive than brand-name drugs.
Hence both statements are correct.
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Consider the following statements regarding Generic Drug: It is a medication that has exactly the same active ingredient as the brand-name drug It also has the same risks and benefits as their brand-name counterparts.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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