Preview

Speech Plan

Satisfactory Essays
Open Document
Open Document
454 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Speech Plan
Dyna Rose M. Templonuevo
SPCM1 S-4R
GENERIC AND BRANDED MEDICINES

SPECIFIC SPEECH PURPOSE: At the end of my speech, I want my classmates to be enlightened regarding the effectiveness of generic and branded medicines.
THESIS STATEMENT: Professionals say that brand (proprietary) name and generic (nonproprietary) name medicines are both reliable because the active ingredients in it are the same but one is cheaper than the other.
OUTLINE OF THE SPEECH
THE INTRODUCTION

I. ATTENTION STEP Michel Montaigne said, “For a desperate disease a desperate cure”. When one’s life is at stake, we have to be sure that we are counting on the right kind of medicine. How do we know if we are counting on the right drug? Here, the reliability of generic and branded medicines will be tackled. II. CLARIFICATION STEP
The reliability of the economical generic medicines and the effectiveness of the expensive branded medicines are always talked about when it comes to medicine issues. To dig deeper into the issue, I shall enlighten you with the facts I have gathered in order to guide us in discerning which one is effective: The costly branded drugs or the cheap generic drugs?

THE BODY

I. Definition of Generic and Branded Medicines A. Generic is an active ingredient of the medicine. B. Brand name is chosen by the manufacturer, usually on the basis that it can be recognized, pronounced and remembered by health professionals and members of the public. II. Effectiveness of Generic and Branded Medicines A. They are both effective. B. They have the same active ingredients. C. Both are required to be registered and approved by BFAD before they can be sold in the market. III. Reasons why Generic Medicines are cheaper than branded ones A. Branded Medicines are made by pharmaceutical companies that spent time and money for the research and development of the new medicine. B. Manufacturers of Generic Medicines only need to cover its



References: http://www.philstar.com/Article.aspx?articled=2957722 Pharmacology for Nursing Care, 7th Edition by Richard A. Lehne, Ph.D. Pharmacology, A Nursing Approach Joyce LeFever Kee,MS,RN

You May Also Find These Documents Helpful

  • Good Essays

    Enabling mighty competition between commonplace drug treatments and patent-expired fashioned brands is relevant to decreasing pharmaceutical charges and stimulating innovation. However, this mentioned, there are numerous troubling problems surrounding general medicines because of the convenient access to an abundance of illegal generics on the internet breaking the patent ownership and the unregulated companies that produce and supply them. At the same time familiar medicines will have to be approved identical types of depended on drugs, providing the equal fine, safety and efficacy because the normal, that is commonly no longer the case. A conventional drug must endure strict scrutiny before it is licensed and given market approval with the aid of countrywide medicines authorities. In brief, common medicines will have to comply with the same strict standards of great, safety and efficacy as usual pharmaceutical…

    • 490 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Pricing medication is dependent on which pharmaceutical company manufactured the drug. A patent gives a drug company monopoly power, and they can set the price above marginal cost (P>MC). The price is higher so the company can reap the profits. Although there is no chemical difference between the generic equivalent of a name brand drug, consumers may continue to purchase the name brand drug because they are familiar with the name. Once other drug companies start manufacturing, the price of the drug will drop.…

    • 1191 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Teva Pharmacuetical

    • 2882 Words
    • 12 Pages

    More than 100 years ago Teva Pharmaceuticals opened their doors as a wholesale drug distributor in Jerusalem. Today they have become the world’s leading producer of generic pharmaceuticals. Revenue has grown from $91 million in 1985 to $8.5 billion in 2006. This growth has not been easy and derives from key strategic decisions made along the way in order to amass these huge dollars amounts. Teva’s mission is to play a leading role in the transformation of the healthcare system through the development, manufacture and marketing of generic pharmaceuticals. Teva’s organizational structure is a symbol of their fundamental business strategy, highlighting their global strength and pharmaceutical diversity. This allows them to continue to expand their core generic business across all geographies and leverage their global reach and scientific strength to develop new innovative products and technologies. Teva has picked an industry in which there will always be a need, medicine. However, it is their approach to prescription medicine that will decide the future of Teva.…

    • 2882 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Quiz

    • 761 Words
    • 4 Pages

    1. This name describes the chemical structure of the drug and is generally not used due to its long and complicated name. Answer A…

    • 761 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Hcs/ 490 Outline

    • 475 Words
    • 2 Pages

    d. Ensure that customers and medical specialists are given enough info about prescription drugs on branding and marketing IV. The chosen medical goods or services classification a. Drug Advertising, Branding and Publicity V. Reason for selecting this section a. The DDMAC division of the FDA is accountable for regulating conformity in advertising, branding and public relations. b. The DDMAC is accountable for proficient healthcare promotional procedures for direct-to-consumers advertising c. Info is given as well as what may or may not be included in end-user copies. VI. Conclusion a. Associate the significance of FDA regulations on drugs with existing measures…

    • 475 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Prescription drugs industry is one of my national economy important and special industry. It is closely related to people's health and life security, to protect and improve people's health has played a big role. Also, Industry's profit margin is very considerable. On the other hand, Prescription drug is a special kind of products, has a certain sensitivity, for the quality of the products and technology have very strict requirements. Because it is a direct effects on the human body, is closely related to people's health. The particularity of the industry is that ordinary consumers for the quality of the product and generally difficult to recognize and grasp the nature, generally trusted certification authority. Thus, From my perspective,…

    • 126 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Questions 6

    • 535 Words
    • 2 Pages

    Underutilization of new effective drugs is a serious concern for pharmaceutical companies. There are many restrictions on pharmaceuticals companies to make their drug available for everyone. Certain restrictions like Medicaid will only allow specific medicine to be reimbursable. If a…

    • 535 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    MyFile 3

    • 754 Words
    • 5 Pages

    1. Which of the following sources is found in most pharmacies and is often used for brand and generic…

    • 754 Words
    • 5 Pages
    Satisfactory Essays
  • Better Essays

    Social Drugs & Medicines

    • 3207 Words
    • 13 Pages

    2. With reference to medicinal drugs explain the difference between a generic name and a brand or proprietary name.…

    • 3207 Words
    • 13 Pages
    Better Essays
  • Good Essays

    While medical treatments and pharmaceuticals are common approaches to address a wide variety of conditions, there is growing concern from consumer groups and the medical community regarding current marketing practices which result in overconsumption or no medical benefit. The medical industry however, argues that these technologies are revolutionary in relieving suffering.…

    • 622 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The competitive elements currently operating in the U.S. healthcare system are the character of the constantly transforming industry. The increase of the pace of competition within the healthcare system takes place among different organizations. This paper will describe the different forms of that competition among organizations, explain the benefits and the downfalls of competition, offer an alternative if competition was not the main force behind the U.S. healthcare system, define elements of successful competition, explain how competitive intelligence is used, illustrate how competition influences both the services offered by healthcare organizations and the choices patients have.…

    • 1291 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Prescription drugs whose patents have expired are highly elastic; however, prescription drugs whose patents still exist are highly inelastic. Many consumers will substitute generic brands for drugs that have had their patents expire. These generic drugs can be produced at a much lower cost and yet still contain the active ingredients and FDA approval to their brand name equivalent. As a result, supply increases along with demand and puts downward pressure on price. Because there are no substitutes for patented drugs, consumers have no choice but to pay the higher prices determined by supply and demand…

    • 1538 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    medication errors

    • 251 Words
    • 2 Pages

    This article talks about the different names of drugs that are similar and may cause medication errors in the healthcare field. Also, the article talks about many different ways to label and manufacture the medications so errors will be less. There are many different ways the pills look and are packaged are also known causes of errors in the healthcare field.…

    • 251 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Teaching Plan

    • 597 Words
    • 3 Pages

    6. Patient’s understanding of acceptance of need for medication. Teaching Plan Page 2 of 3…

    • 597 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Types of Drug Names

    • 773 Words
    • 4 Pages

    The drug names differ in many aspects, for example, the chemical name is the chimerical compounds and make-up of the drug, while the generic name and the official name generally describes the form of the drug, i.e. capsule, tablet, suspension, powder, drops, chewable, ointments, cream, or lotions. The trade name is generally…

    • 773 Words
    • 4 Pages
    Good Essays