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Generic vs. Brand Name Drugs

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A Brand name Drug is the first approved version of a drug. It is the name under which a new innovator drug is made and marketed. Usually, when a pharmaceutical company brings out a new drug they obtain a patent for it. These drugs are given patent protection for 20 years. The company investments, which include research, development and marketing comes under patent protection.

The patent of a brand name drug expires in 20 years or more. And other companies get the right to introduce its generic version. Generic drugs are identical to the brand name drugs. They contain the same active substances, quality, safety and efficacy. However, generic drugs may have various inactive ingredients, which do not have the therapeutic effect.

Safety Profile
Generic drugs are safe. It is as effective as brand name drugs. You can experience the same risks and benefits as the brand name drug. They have the same clinical and pharmacological effects.

The Bioequivalent Study
FDA will only approve a Generic drug if the product is essentially similar to the original drug. Both the generic and brand name drug contain the same active ingredients. But, to find out the therapeutic equation between the newly developed drug and the original one Bioequivalence studies are conducted. The new formed drugs are approved for sale if it shows the same rate and extend of absorption in the humans as the original drug.

Price
You will find Generic drugs far cheaper than the original drugs. They don't have to carry the investment costs for the promotion or development of a new drug. You can avail a generic drug for a price, which is 30%-80% cheaper than the price of the original drug.

Quality
There is no compromise on the quality of the drugs manufactured. Both brands and generics have to maintain the same production standards of Good Manufacturing Practice [GMP].

Advantage Society
Generic drugs do not compromise on the quality and standards of the drug. So, they prove to be more beneficial as it comes to us in reasonable rates. In order to improve our health care, we should strive to increase the range of generic medications. If there is, demand there will be drugs that are more generic for different brand name ones. These cost effective drugs help save good money. Interestingly, 50% of all prescriptions in USA and 40% in Canada are packed with generic drugs.

Points to Ponder  

  • Generic drugs are not inferior to brand name versions
  • B- rated does not mean that Generic drugs are bad
  • When a doctor specifically suggests to take an original drug, you shouldn't interchange it with the new formed one
  • Generic drugs do not take longer to work in the body
  • Not all medicines are available in generic form
  • FDA does not permit drugs to be produced in sub-standard quality
  • Always consult with your doctor about the therapeutic effect of the Generic drug. If the index is narrow, closely monitor if you have switched from an original drug to a generic drug
  • Tell your doctor about all the medicines you are taking
  • Never assume that a drug looks different because it is generic. Always double check with your Pharmacist

Consumer always confuses the effectiveness of Generic drug over the Brand- name drug. Because the original drugs are priced higher, you convince yourself that the original drugs are superior. Remember, you are only throwing your money away.

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