Generic vs Brand
Though they are called "generic," these drugs are
expected to meet the same standards required of the innovator or brand name
product.
What is the difference between a Generic and Name-Brand
Drug?
A Name-Brand drug is marketed under a specific trade name
by a pharmaceutical manufacturer. In most cases, Name-Brand drugs are
still under patent protection, meaning the manufacturer is the sole source
for the product but in many Countries around the world this is not the
case and a generic alternative is readily available . A generic drug is
made with the same active ingredients in the same dosage form as a brand
name drug. The generic drug is therapeutically equivalent to the brand
name drug but is sold under its chemical or "generic" name.
Are Generic Drugs as Effective as Name-Brand Drugs?
A generic drug contains the same active ingredients in
the same dosage form as a brand name drug. The strength and purity of
generic medications are strictly regulated. The FDA requires all generic
manufacturers to demonstrate that a generic drug will have the same
medical effect as its Name-Brand equivalent by measuring the rate and
extent of drug absorption. The generic drug should treat your illness or
condition with the same effectiveness and safety as its brand name
equivalent. Generics have to meet the same rigorous requirements as
Name-Brand drugs.
Are Generic Drugs as Safe as Name-Brand Drugs?
These generics have been used billions of times by
millions of patients, demonstrating again that Name-Brand and generic name
drug have the same effect in the body.
Are Generic Drugs Less Expensive than Name-Brand Drugs?
In most cases, YES. The cost of researching, developing
and marketing a new drug- including the money spent advertising the
product- are factored into the price of the branded drug. Generic
manufacturers spend considerably less on development and promotion, and
therefore can afford to sell their product for less money.
Is the More Expensive Name-Brand Drug of a Better
Quality?
No, the quality is the same. Both have to meet the same rigorous
requirements.
Who Makes Generic Drugs?
Some are manufactured by the same pharmaceutical
companies that make brand drugs; others are produced by pharmaceutical
companies specializing in the manufacturing of generics. All drug
manufacturers must meet rigid FDA, WHO and GMP approval.
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