Generic drugs in the USA?

[Edmund]

How long does a prescription drug have to be on the market before they can make a generic version of it?

 

[Idella]

A prescription drugs, otherwise known as a brand name, can be in the market for a period of years before it turns to generic drugs. This is to enable the pharmaceutical company that produced the drug recover expenses on research and other expenses.

 

[Taffyapple]

I understand that the process of the company wanting to regain their money on the research and expenses. But when you have to pay for a brand name and the copay is outrageous too with insurance each month, you hope the generic comes out faster than later.

 

[Dennis]

I understand that the process of the company wanting to regain their money on the research and expenses. But when you have to pay for a brand name and the copay is outrageous too with insurance each month, you hope the generic comes out faster than later.

Approximately, it may take up to 27 years, at most, and 20, at least! A generic drug can only be manufactured if a patent has expired. It takes 20 years for a patent to expire. Further, the patent-holding company may take longer before declaring that there's no infringement on its patent.

 

[Rita]

From my assessment so far, it takes a lot of time before brand drugs are transferred to being generic drugs. It should be at least a minimum of 20 years or more depending on the pharmaceutical company involved in drug manufacturing. If they decide to extend it above 20 years, it's well within their legal rights.

 

[stephannie]

How long does a prescription drug have to be on the market before they can make a generic version of it?

Basically, generic drugs are copies of brand-name drugs that have exactly the same dosage or intended use, some likely side effects, route of administering the drug and risks involved in excess consumption, safety, and strength as the original drug. In other words, their pharmacological effects are exactly the same as those of their brand-name counterparts and I don't think there is basically any specified period of time that it has to take before a generic version of it can be made.

 

[Brinna98]

My evaluation up until now, it takes a great deal of time before brand drugs are moved to being conventional medications. It ought to be at any rate a minimum 18 years or all the more relying upon the pharmaceutical organization associated with sedate assembling. On the off chance that they choose to broaden it over 18 years, it's well inside their legitimate rights.

 

[Caitlin27]

Due to the clinical trials that will be ongoing behind the scenes for years after the release of the product, it’s usually around 12 years before an evaluation is taken as to whether the performance of the product warrants the pharmaceutical investment of developing its own brands and cheaper versions.

 

[Sam6065]

Pharmaceutical companies will patent any molecule that shows promise early in the development process. Patenting prevents other companies from copying it for 20 years and covers many aspects of the intellectual property of a drug, including its manufacture, formulation and, in some cases, its use.

The purpose of a patent is to enable the pharmaceutical company that developed it to recoup their development costs and to make a profit to cover the development costs of drugs that failed during the testing process, as well as to invest in the development of future innovative drugs. By the time a drug has undergone the required testing and been licensed, half the patent period will usually have expired.

Once a patent on a drug has expired generic versions of the drug can be manufactured and marketed. For some drugs the period of patent protection can be extended for up to a further five-and-a-half years, so long as this does not take the time in which the drug is under patent protection beyond 15 years after the date it received regulatory approval.

 

[Melina Hanson]

I comprehend that the procedure of the organization needing to recapture their cash on the examination and costs. However, when you need to pay for a brand name and the copay is preposterous too with protection every month, you trust the generic comes out quicker than later.

 

[Cameron]

How long does a prescription drug have to be on the market before they can make a generic version of it?

It depends on the duration of the patent rights that the government gave. I have always looked at that sole right as an opportunity for the pharmaceutical company to make enough profit selling such brand drugs. This is one of the best ways to encourage innovation in the health sector.

 

[Ahmad]

Generic drug versions may be introduced once the patent for the brand-name drug expires. The patent protection for a brand-name drug is usually 20 years from the date of submission of the patent. Not all brand-name drugs have a generic counterpart.

 

[Tina Harris]

How long does a prescription drug have to be on the market before they can make a generic version of it?

As long as the agreement reached with the government agencies stays. It will remain brand drug till the time of monopoly expires.

 

[Brycen]

How long does a prescription drug have to be on the market before they can make a generic version of it?

I don't care how long. What I consider are cheap drugs

 

[Antony Hall]

Pharmaceutical companies will patent any molecule that shows promise early in the development process. Patenting prevents other companies from copying it for 20 years and covers many aspects of the intellectual property of a drug, including its manufacture, formulation and, in some cases, its use.

The purpose of a patent is to enable the pharmaceutical company that developed it to recoup their development costs and to make a profit to cover the development costs of drugs that failed during the testing process, as well as to invest in the development of future innovative drugs. By the time a drug has undergone the required testing and been licensed, half the patent period will usually have expired.

Once a patent on a drug has expired generic versions of the drug can be manufactured and marketed. For some drugs the period of patent protection can be extended for up to a further five-and-a-half years, so long as this does not take the time in which the drug is under patent protection beyond 15 years after the date it received regulatory approval.

Thanks for such an informative answer

 

[Mario Berry]

Approximately, it may take up to 27 years, at most, and 20, at least! A generic drug can only be manufactured if a patent has expired. It takes 20 years for a patent to expire. Further, the patent-holding company may take longer before declaring that there's no infringement on its patent.

That's a huge number if you ask me!