A generic drug is identical--or bioequivalent--to a brand name drug in dosage form, safety,
strength, route of administration, quality, performance characteristics and intended use.
Although generic drugs are chemically identical to their branded counterparts, they are
typically sold at substantial discounts from the branded price. According to the
Congressional Budget Office, generic drugs save consumers an estimated $8 to $10 billion a
year at retail pharmacies. Even more billions are saved when hospitals use generics.
All generic drugs go through a rigorous process of approval by the US FDA before it is brought on to the market for consumption.
INCREASED USE OF GENERIC DRUGS = BIG SAVINGS IN HEALTHCARE COSTS
Many of Bionpharma’s products are soft-gel capsules taken orally. A softgel capsule is an oral dosage form of medicine made of a gelatin-based shell which encapsulates the liquid form medicine. Softgel shells are a combination of gelatin, water, opacifier and a plasticiser such as glycerin or sorbitol.