Generic Prescription Drugs Frequently Asked Questions Generic vs Brand
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Drug Pharmacy
Generic drugs help save you money, but did you know
that, overall, the use of generic drugs helps to bring down the cost
of medical insurance and benefits for everyone? The Congressional Budget
Office (CBO) estimates that the use of generic drug equivalents in the
United States saved consumers an estimated $8-10 billion in 1994? Find
out more about generic drugs by viewing some frequently asked questions
regarding generic prescription drugs. Return to the Buy
Generic Drugs home page. More
information about generic drugs.
Frequently Asked Questions about Generic Prescription
Medication
- 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? Generic vs Brand
- 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?
1. What are generic drugs?
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.
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2. Are generic drugs as safe
as brand-name drugs?
Yes. 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.
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3. Are generic drugs as
strong as brand-name drugs?
Yes. FDA requires generic drugs to have the same quality,
strength, purity and stability as brand-name drugs.
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4. Do generic drugs take longer
to work in the body?
No. Generic drugs work in the same way and in the same
amount of time as brand-name drugs.
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5. Why are generic drugs less
expensive?
(Generic vs Brand) 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
investmentincluding research, development, marketing, and promotionby
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.
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6. Are brand-name drugs
made in more modern facilities than 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.
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7. If brand-name drugs and
generic drugs have the same active ingredients, why do they look different?
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.
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8. Does every brand-name drug have a generic
counterpart - Generic vs Brand?
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.
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9. What is the best source of information
about generic drugs?
Contact your physician, pharmacist, or insurance company for information
on your generic drugs. You can also visit the FDA website at http://www.fda.gov/cder/ogd/index.htm
for more information.
Ask your doctor or physician whether generic prescription drugs are
right for you!
| We are a Canadian based company offering affordable generic drugs.
We review all prescriptions and forward them to be filled to our Canadian pharmacy or to one of our Affiliated International pharmacies. Only valid US prescriptions will be filled.
Information available on buygenericdrugs.com is solely informational and
is not meant to be substituted for the advice provided by your own physician
or medical practitioner. Ask your doctor or physician whether generic prescription
drugs are right for you! |
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