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Generics vs Brands
Although called “generic”, these drugs have the same norms and standards as the “Brand Name” product.
What is the difference between a Generic drug and a Brand name drug?
A Brand Name drug is manufactured under a specific trade name registered by a laboratory. In most cases, brand name drugs still have their patents registered, meaning that the laboratory is the exclusive source of the product, but in many countries these patents do not take effect and create Generic alternatives for these products. 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 the same as the Brand name drug but is sold under its chemical or “generic” name.
Are generic drugs as effective as brand-name drugs?
A Generic drug contains the same active ingredients in the same dosage form as a Brand name drug. The purity of these Generic drugs is strictly regulated. The FDA requires all Generic manufacturers to demonstrate that the drug will have the same medical effect as its Brand name equivalent. Generic drugs must treat your disease or condition with the same efficacy and safety as their Brand name counterparts. Generic drugs have the SAME stringent requirements as Brand Name drugs.
Are generic drugs as safe as brand-name drugs?
These Generics have been used millions of times by millions of patients from all over the world, proving time and time again that Brand and Generic drugs have the same effect on the patient.
Are generic drugs cheaper than brand-name drugs?
In most cases, YES. The cost of researching, developing and commercializing a drug is compounded in product prices. Generic manufacturers spend far less on the development and marketing side, and therefore can afford to sell their products for far less money.
Are brand-name drugs more expensive because they are of better quality?
No, they are exactly the same. Both types of drugs have the same stringent requirements and are developed under the same quality standards.
Who makes generic drugs?
Many are manufactured by the same laboratories that make Brand Name drugs, others are manufactured by different laboratories around the world specialized in the manufacture of Generics. All laboratories must meet the rigorous standards imposed by the FDA, WHO and GMP approval.
Why should I choose a Generic drug if I have the option?
Because you get the same treatment, the same safety and efficacy, but at a much more affordable price. Choosing generics not only benefits your pocketbook, but also allows broader access to healthcare without compromising quality. In addition, many health authorities recommend their use whenever available.
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