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You may have heard that switching to a generic medicine will spare money and now may be wondering if there is any difference between brand name drugs and their generic versions. Below is a detailed comparison of the two. Generic medications are copies of branded medications that have exactly the same dose, intended use, effects, side effects, route of administration, risks, safety, and efficacy as the branded medication. A lot of people question the potency of generic medications, because the latter are frequently considerably cheaper than branded versions.

They would like to know if the quality and potency have been worsened to make less expensive products. Generic medications are compulsory to be as secure and efficient as brand name medications. Actually, generic drugs are cheaper, since the manufacturers have not had the expenses of manufacturing and marketing a new medication. When a producer introduces a new drug to the pharmaceutical market, the business has already spent substantial money on scientific research, manufacturing, marketing and forwarding of the medication. The company that develops the drug is given a patent – an exclusive right to sell the medication as long as the patent is valid.

As the patent nears expiration, manufacturers can apply to the FDA for a permit to make and sell generic versions of the drug. Without the startup costs for development of the medication, producers can afford to manufacture and sell it cheaper. When several companies begin manufacturing and selling a drug, the competition among them can also result in a lower price. The FDA applies the same standards for all drug manufacturing facilities many producers make both branded and generics. In fact, the FDA estimates that 50% of generic drug production is by branded companies. Sometimes, generic versions of a medication have different colors, flavors, or combination of inactive ingredients in comparison with original medications.

According to the U.S. Trademark law, generic medications are not allowed to look exactly like branded medications. However, active ingredients in both preparations must be identical, securing that both have the same medicinal properties. The same variations are also seen between branded drugs sold in different countries. A product can be a capsule in the USA, but a tablet in Canada, for instance, even though it is produced by the same brand name company.

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