Healthcare is and has always been a big part of my life.
My father was a registered pharmacist who owned his own store in Detroit. All of his 3 children started their working years with him. I started working in the drugstore when I was nine as a dishwasher behind the soda fountain.
When I graduated from Wayne State University’s Pharmacy School in 1977, I started working for a small chain of drug stores. I soon became a partner and pharmacy director by the time we sold the company.
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Question: If there is not that much difference in generic drugs and name brand drugs why is there such a difference in price? Marilyn Clyde’s response: The brand name drugs have to go through costly research and clinical trials to show that the drug is safe and effective for its marketed purpose. The next step is human trials which is even more costly. Finally the drug is approved and marketed to the public. The generic drugs just have to show that it’s absorbed in the same rate and delivers the same active ingredients as the brand name drug which is coming off patent. The generic drug company does not have to go through all the costs associated with clinical and human trials. This is one of the main reasons why there is a difference between the costs of generics versus brand name drugs. Your friend Clyde the Pharmacist
Posted on: Oct 6, 2008
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