While brand name drug refers to the name giving by the producing company, generic drug refers to a drug produced after the active ingredient of the brand name drug. Generic drugs will, however, be sold under different brand names, but will contain the same active ingredients as the brand-name drug.
Why generic medicines are cheaper?
Once the patent expires, other manufacturers duplicate and market their own versions of the drug. Since the manufacture of these generic drugs do not involve a repeat of the extensive clinical trials to prove their safety and efficacy, it costs less to develop them . Generic drugs are, therefore, cheaper.
Is branded medicine better than generic?
Pros: Quality: Generic drugs are exact copies of their brand name counterparts. Cost: They are usually much cheaper than branded ones . Availability: Because many manufacturers have access to the ingredients list of a drug, it is more widely available.
What are the disadvantages of generic medicines?
- Patients perceive them as inferior to branded drugs.
- If they’re not co-formulated, higher pill burdens may deter adherence.
- Overall co-payments for a regimen could result in higher costs to patients.
- They may have a different pill size/color when generic suppliers change.
Why do doctors prescribe brand-name drugs?
Brand names are the names doctors most easily remember. Drug samples left in physicians’ offices — seemingly a free gift for doctors to dispense and patients to receive — make them more memorable.
Can you trust generic drugs?
According to the FDA, generic drugs can be trusted to have the same quality as brand-name drugs — but at a cheaper price . That’s important to know because no one wants to skimp on health, even if it means saving money.
How good is generic medicine?
93% of generic and 87% branded drug users believed that their drugs were effective (P = 0.238) in controlling their ailments. No significant difference (9% generic, 10% branded drug users, P = 1.000) was observed in reported adverse effects between generic and branded drug users.
Can generic drugs be less effective?
Are generic drugs less effective? No. Generic medications are just as effective as brand-name drugs . According to the FDA, drug makers must prove that generic medications can be substituted for brand-name drugs and offer the same benefits as their brand-name counterparts.
How do I know if my medication is generic?
Sometimes doctor prescribed a medicine that is not available at the medical store in this case chemist may look for the medicines having the same composition . The medicines having same chemical composition without a brand name are known as generic medicines.
Why do doctors not recommend generic drugs?
The major reason why doctors may not prescribe unbranded generic medicine is the lack of confidence of physician and patients in their quality 4 . Aggressive promotion of branded generic medicines by the pharmaceutical companies further aggravates the problem.
What is the conclusion of generic medicine?
In general, generic medicine gets a unanimous thumbs-up ! The only difference between a brand-name and a generic drug are the inactive ingredients (preservatives, colorants and compounds to hold the medicine together).
Are generic drugs really the same?
A generic medicine is the same as a brand-name medicine in dosage, safety , effectiveness, strength, stability, and quality, as well as in the way it is taken and should be used. The FDA Generic Drugs Program conducts a rigorous review to make sure generic medicines meet these requirements.
Why do brand name drugs cost more?
Brand-name drugs are typically more expensive because of the higher initial costs to develop, market, and sell a brand-new drug . ... For example, a generic drug must have the same active ingredients as the brand-name drug, but the FDA doesn’t require that it has the same inactive ingredients.
Why brand name drugs are better than generic?
A brand medication is the “innovator” or pioneer, and gets patent and exclusivity protection so generics can’t compete right away. Generic medications must meet the same quality, strength, and purity standards as brands , so they have the same benefits and effects.
Why do doctors prescribe expensive medications?
Typically lower in cost and as effective as their branded counterparts, they help control pharmacy spending and increase access to important therapies for patients who could be deterred by the high cost of some branded drugs.
Where is generic medicine made?
She notes that most of the generic medicines being sold in the U.S. are manufactured overseas, mostly in India and China . The U.S. Food and Drug Administration states that it holds foreign plants to the same standards as U.S. drugmakers, but Eban’s new book, Bottle of Lies, challenges that notion.
