Generic Drugs at Online Stores vs. Generics at Offline Drug Stores – Cheap drugs are nice, but free drugs are even better; hold it, this is a joke about generic drugs! You must notice the hint of scornful language in the joke, which you could never miss. But this article has a different objective. The fact is, generics and cheap drugs are getting more and more inexpensive when sold online, compared to the prices in offline drug stores. This will be the central theme of my entire article.
First of all, it is a requirement for all generic drugs to be tested and shown to be no different than the brand name drugs, including side affects, safety, and risks. These examinations are conducted under strict supervision using a step-by-step scientific methodology, initially in a science lab and then, before a drug is approved, at a clinical lab for a lengthy period of time.
While this is a drawn out process with many opportunities for part of the system to fail somewhere along the way, what is important to us here is that there is no research involved, which cuts the expense of developing generic drugs by 60%, 70%, or even more. This is perhaps one of the biggest reasons they are called "cheap drugs", but this is not the only reason.
Brand name drugs that are protected by a patent have sole and monopolistic price regime for two decades, which is longer than most patients can afford on a continuous basis, even though insurance and social security systems make half-hearted attempts to help. In India and countries with similar economies, cheap drugs are more than a million dollar business. Drugs made in such countries are cheap and are sold via online pharmacies.
What is the reason that generic drugs are cheaper at online drug stores than offline stores? You can purchase generic drugs online anytime because everything, with the exception of dispensing them, is automatic, while the actual dispensing is completed far away, usually by manufacturers or stockists who are working in countries where generics manufacturers are located, removing any inventory purchasing and holding investments for Internet pharmacies. When you put in an order to buy drugs online, your order is processed and shipped from the least expensive producer in the store's network of manufacturers.
This becomes a bonus for both Internet stores and economical drug producers at the expense of offline pharmacies. Drug stores operating with a physical address face disadvantages compared to those who primarily operate online, mainly due to drastic differences in business paradigms.
Speaking of paradigms, the offline physical drug stores have additional disadvantages caused by the tax structure where they operate, which ironically erases all of the benefits the government and medical insurance would have otherwise provided.
My theory is that if all generic drugs produce similar results, why not save some money by ordering them online?