Generic Vs Brand Drugs

 

The day you get sick, you visit the doctor and they prescribe some medicine. You take the prescription and visit the pharmacist. Some pharmacists may tell you that there is a generic version of the drug available. Then many questions come to your mind, what are the generic version and brand name drugs? What are the differences, similarities, benefits, and disadvantages? In this article, we will try to answer all of your questions. Keep reading.

Let us first understand what is brand name drugs and generic drugs:

What are Brand name drugs?

The pharmaceutical company that manufactures the medicine originally or gets the patent to use their name for the medicine. Such medicines are known as “Brand name drugs” or “Innovator drugs”. FDA in the USA and similar other pharmaceutical regulating agencies give approval of these medicines. After approval, these companies get approval for exclusively marketing and selling the product as long as they have patent protection.

What are Generic drugs?

A generic drug is a pharmaceutical drug that is created to be the same as already marketed brand-name drugs. It contains the same chemical substance as a drug that the original manufacturer used. The company, which manufactures generic drugs, are allowed to market and sell the medicine only after the patent of the original company expires. FDA and similar authorities in each country also approve generic drugs.

Similarities and difference between generic and brand name drugs:

Brand Nme DrugsVsGeneric Drugs
No Differences Active Ingredient No Difference
Higher in Cost Price Lower in Cost
Covered if no generic form exists Insurance Coverage Normally always covered
Tested and approved by the FDA Inactive Ingredients May differ – but proven to be acceptable by the FDA
No differences Strength/Dosages No differences
Drugs are standard in size, color, packaging, etc. Appearance/Look Packaging and the drug itself may look difference
Performed by the manufacturer Research and development Do not perform. Just used the researched data.
Yes Safe to use No

 

Some Important Facts: Generic Vs Brand Name Drugs

  • Both brand name and generic drugs have similar active ingredient(s), and it is essential that the generic drugs meet the standards of its original counterpart.
  • Other than containing the same active ingredient(s), the generic drugs must also have the same dosage form, effectiveness, quality, and safety.
  • However, generic drugs may differ in shape, color, size, preservatives, inactive ingredients, and packaging compared to their brand name drugs.
  • In short, the generic drugs that you buy from any certified pharmacy may look different from the brand name drugs; however, their pharmacological effects are exactly the same.
  • To add to this, the biggest difference between brand name and generic prescription drugs is the cost. The manufacturers of generic drugs directly compete on the price, thus the consumers get these drugs at lower rates. The companies that manufacture generic drugs do not have the expense of research and development of a new chemical entity. On the other hand, brand name drugs are expensive.

  • Given that generic drugs are cheaper, many people become concerned about their quality and effectiveness. In fact, there is no reason to worry as generic drugs have to meet the same high standards set by the FDA.
  • Many people also think that generic drugs take a longer time to work. However, as per the FDA standards, generic drugs are required to work as fast and as efficiently as their brand name counterparts. Thus, one can take generic drugs without worrying about its quality or effectiveness.

Some of the most common questions related to branded name drugs and generic drugs.

Are generic drugs less effective?

No, generic drugs are of the same quality as of brand drugs and have the same effectiveness, dosages, safety, strength, stability. It can be taken and used in the same way as brand name drugs.

Why are generic drugs cheaper?

As per the research, generic drugs are 80-85% cheaper than brand name drugs. The main reason is the expense that the original manufacturer company has spent on the research and development of medicine. To cover this expense they get the patent from FDA and recover the expense by adding a higher price of the medicines.

Are generic drugs safe?

Yes, generic drugs are as safe as brand drugs. These drugs are also manufactured by pharmaceutical companies approved by FDA and other approved agencies. They went through a rigorous review process before they are approved.

Generic and Brand name drugs list

One can also buy generic drugs online from certified pharmacies, which makes it easier for a person to buy generics online with just a few clicks.

To customer’s advantage, generic drugs cost around 40-60% less with the same strength, dosage, and quality compare to brand drugs. Nowadays, doctors and hospitals prescribe generic drugs more as compared to brand name drugs. As a matter of fact, generic drugs make up more than 80% of prescriptions filled in the U.S. Thus, it is completely safe and also smart to choose generic drugs over brand name drugs.

 Also Read:   Why Generic Drugs are Cheaper than Brand Drugs?