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.
Are generic drugs as good as brand name?
(Brand names are usually capitalized while generic names are not.) The FDA (U.S. Food and Drug Administration) requires that generic drugs be as safe and effective as brand-name drugs. Actually, generic drugs are only cheaper because the manufacturers have not had the expenses of developing and marketing a new drug.
What is the difference between generic and brand name drugs?
The brand name of a medication is the name given by the company that makes the drug and is usually easy to say for sales and marketing purposes. The generic name, on the other hand, is the name of the active ingredient.
Why Generic drugs are cheaper?
Why are generics cheaper than brand-name medications? Generic makers don’t face the same costs as manufacturers of brand-name drugs. This is the rationale behind drug patents: They give pharmaceutical companies a period of years when only they can make money on a product in which they have made a large investment.
Why are brand name drugs so expensive?
Why brand-name drugs cost more than generic drugs
Brand-name drugs are typically more expensive because of the higher initial costs to develop, market, and sell a brand-new drug. An FDA-approved generic medication should have no difference in effect, strength, safety, or usage from a brand-name drug.