What are Generics?
One of Apollo’s key businesses is the marketing and sale of low-cost drugs, commonly known as generics. But what exactly is the meaning of this term? Generic drugs are pharmaceutical products that contain exactly the same active pharmaceutical ingredient as the original patented product of the original supplier. Generics are much cheaper despite their high quality.
Why is there such a significant difference in price?
Pharmaceutical manufacturers patent medicines that are the result of their own research, allowing them a sales monopoly for several years. It is crucial to understand that this is a subjective assessment. Because there is no competition, they may charge exorbitant rates. Once an initial supplier’s patent, which can last up to 20 or 25 years, has expired, other pharmaceutical manufacturers, like as Apollo, can create these long-standing pharmaceutical medicines, and offer them at substantially reduced rates. These medications are referred to as generics.
Who benefits from the low prices offered by Apollo?
Many of the generics we offer or have in the pipeline will be available without a pharmacy prescription. It is suggested that people evaluate pricing for themselves and consult with their pharmacist about Apollo options.
Apollo’s prescription drugs have the potential to significantly lower expenses in the public healthcare system. Maintaining an inexpensive healthcare system and steady affordable health insurance for everybody is critical. Generic pharmaceuticals currently account for more than 70% of all prescription medicines in Germany.
Do they differ in quality?
As with original products, all medicines approved for sale in Germany are subject to strict inspections and quality controls by the regulatory authorities. Generic medicines must meet all requirements without exception. This ensures that they are as effective and safe as the original, patented medicine. We strive to meet the highest quality standards. The safety of our products and therapies for doctors and patients is ensured by our experience and diligence in development and approval, and our expertise in monitoring our manufacturing partners.
Always keep prices low and brand recognisable: Apollo generics.
Not only are our generic products affordable, but they are also easy to identify due to their distinctive packaging. You can easily spot the Apollo logo in your local pharmacy. The name of our generics is made up of the name of the active ingredient and the name of the manufacturer.