Generic and Brand Name Medications
What's the difference between a generic and a brand name drug?
Not much, except for the brand name and the big difference in price.
The main advantage of the generic drugs is their price. 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.
What is the quality of generic drugs?
Generic drugs are as safe and effective as the brand-name drugs. They are an exact copy of the brand-name drug, show the same pharmacological effect, and have the same risks and benefits.
What are the manufacturing standards for generic drugs?
The manufacturing facilities of all pharmaceutical companies, whether they are the makers of brand name or generic drugs, must pass stringent and regular inspections by the relevant authorities. There is no difference between the manufacturing standards set for generic pharmaceutical companies and those set for brand name pharmaceutical companies. Many companies that produce brand name drugs also make drugs sold under generic labels and vise versa.
The prescription medications, Generic or Brand are manufactured in facilities that have relevant approvals from the following regulatory authorities:
These approvals are important and provide basic quality accreditation standards and performance credentials for the pharmacies that appear in our tables. We believe it is important that buyers to this site know that their health and well being is not compromised.
Why buy generic drugs?
Price, price and price. Save up to 60%. Why pay more if you can get the same product and the same results for considerably less money? In a survey conducted, the majority of pharmacists agreed that generics are better than brand name drugs in terms of price and as good as brand name drugs in terms of effectiveness, quality, appearance and packaging.