Have you ever considered taking a generic drug versus a brand name drug? If your answer is yes, you might find this article useful as this will give you a better understanding of generic drugs.
In This Article:
- What are generic drugs?
- Are generic drugs as safe as brand-name drugs?
- Are generic drugs as strong as brand-name drugs?
- Do generic drugs take longer to work in the body?
- Why are generic drugs less expensive?
- Are brand-name drugs made in more modern facilities than generic drugs?
- If brand-name drugs and generic drugs have the same active ingredients, why do they look different?
- Does every brand-name drug have a generic counterpart?
- What is the best source of information about generic drugs?
- What is Generic Initiative for Value and Efficiency (GIVE)?
A generic drug is a copy that is the same as a brand-name drug in dosage, safety, strength, how it is taken, quality, performance and intended use.
Yes. The U.S Food and Drug Administration (FDA) requires that all drugs be safe and effective. Since generics use the same active ingredients and are shown to work the same way in the body, they have the same risks and benefits as their brand-name counterparts.
Yes. FDA requires generic drugs to have the same quality, strength, purity and stability as brand-name drugs.
4. Do generic drugs take longer to work in the body?
No. According to FDA, Generic drugs work in the same way and in the same amount of time as brand-name drugs.
Generic drugs are less expensive because generic manufacturers don’t have the investment costs of the developer of a new drug. New drugs are developed under patent protection. The patent protects the investment including research, development, marketing, and promotion by giving the company the sole right to sell the drug while it is in effect. As patents near expiration, manufacturers can apply to the FDA to sell generic versions. Because those manufacturers don’t have the same development costs, they can sell their product at substantial discounts. Also, once generic drugs are approved, there is greater competition, which keeps the price down. Today, almost half of all prescriptions are filled with generic drugs.
No. Both brand-name and generic drug facilities must meet the same standards of good manufacturing practices. FDA won’t permit drugs to be made in substandard facilities. FDA conducts about 3,500 inspections a year to ensure standards are met. Generic firms have facilities comparable to those of brand-name firms. In fact, brand-name firms are linked to an estimated 50 percent of generic drug production. They frequently make copies of their own or other brand-name drugs but sell them without the brand name.
In the United States, trademark laws do not allow a generic drug to look exactly like the brand-name drug. However, a generic drug must duplicate the active ingredient. Colors, flavors, and certain other inactive ingredients may be different.
No. Brand-name drugs are generally given patent protection for 20 years from the date of submission of the patent. This provides protection for the innovator who laid out the initial costs (including research, development, and marketing expenses) to develop the new drug. However, when the patent expires, other drug companies can introduce competitive generic versions, but only after they have been thoroughly tested by the manufacturer and approved by the FDA.
Contact your physician, pharmacist, or insurance company for information on your generic drugs. You can also visit the FDA website for more information.
On October 4, 2007, FDA launched the Generic Initiative for Value and Efficiency, or GIVE. The initiative will use existing resources to help FDA modernize and streamline the generic drug approval process.
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