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Why are Generic Drugs so inexpensive?

generic drugs inexpensive
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Why are Generic Drugs so inexpensive?

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Although generic drugs are chemically identical to their branded counterparts, they are typically sold at substantial discounts from the branded price. The price difference is determined by a prime cost: brand-name product manufacturers spend tremendous amounts of money on research, testing, medical observation and analysis, various non-manufacturing overhead, branding and advertising, etc.; however, to produce a generic drug it is only necessary to purchase a chemical formula. As a result, you get world-class drugs at a reasonable price!

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