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Date Added: January 04, 2012 01:32:50 PM
Author: john
Category: Health are the pharmacies which have their businesses running on web, through which they are able to sell drugs at cheaper rates because an online pharmacy has a different cost structure than a normal “brick and mortar” pharmacy. The cost of maintaining a store is much more than the managing the business online. There is no admin cost, employee cost, overheads such as electricity bill or rent of the space in It is not expensive to set up an online pharmacy; all you need is a PC and an internet connection through which you can you can hook to the World Wide Web. Most online pharmacies do not spend much money on setting up an office; in fact a lot of online pharmacies are home based businesses. They sell, pack and distribute the drugs from their backyard or garage. As online pharmacies don’t have to bear expenses and money to set up, they have adequate funds which they can invest in bulk buying of these drugs which gave them the cost advantage and thus they can sell these drugs at a much cheaper price as compared to what a normal drug store. So coupled with its low cost structure and ability to buy huge amounts of drugs, online pharmacies can offer huge savings. The reach of online store is much more than a normal store so the amount of volume they deal in much higher that that of normal store hence rather than playing on profit margin they play on economies of scale which later fetches them desired profit margins. The competition prevailing in Online in selling drugs is much higher which drives cheaper drug prices. When searching for drugs online, most people are looking for the best bargain. And since there is so much competition with so many pharmacies online, many online drug stores slash their prices to stay in business. This further drives other stores to keep the prices of their drugs low as well. Thus online pharmacies are able to sell drugs at cheaper rates. However, people should be aware of the fact that some online pharmacies who sell cheap drugs are often fake, and sell bogus and counterfeit medication and should also have knowledge abut generic medicines which are not fake. When the patent of a brand name medication expires, a generic version of the drug can be produced and sold. A generic version of a drug must use the same active ingredient(s) as the brand name drug and it must meet the same quality and safety standards. All generic drugs must be reviewed and approved by the U.S. Food and Drug Administration (FDA) before they can be prescribed or sold over-the-counter. People should keep in mind that just because an online pharmacy is cheap, it is legitimate. Price cannot always be the leading consideration. People must remember to put safety ahead of price. According to the FDA, all drugs, including brand name drugs and generic drugs, must work well and be safe. Generic drugs use the same active ingredients as their brand name counterparts and, therefore, have the same risks and benefits. In lay man’s language generic medicines are the same medicines produced by some other brand other than the brand who has made that pill popular, hence it is just the same and the risks attached to the drug is same as the popular brand pill. Many people are concerned about the quality of generic drugs. To assure quality, safety, and effectiveness, the FDA puts all generic drugs through a thorough review process including a review of scientific information about the generic drug’s ingredients and performance. Moreover, the FDA requires that a generic drug manufacturing plants meets the same high standards as a plant for a brand name drug. To ensure compliance with this rule, the FDA conducts approximately 3,500 on-site inspections each year. About half of all generic drugs are made by brand name companies. They may make copies of their own medications or another other company’s brand name drugs and then sell them without the brand name.
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