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Generic vs. Brand-Name Drugs: What's the Difference?

We are all looking for ways to save money and the use of generic drugs can be a cost effective approach. Here are some common questions and answers to help us understand the facts.

What are generic drugs?

A generic is the "bioequivalent" of the brand-name medication. The FDA requires that generics have the same active ingredients as well as the same safety, quality and purity as their brand-name counterparts.

Do generics work the same?

Yes. Since they contain the same active ingredients, they have the same benefits as well as the same side effects. The FDA requires that all drugs be safe and effective.

Why are generics cheaper?

The manufacturers of generics are able to create the generic much less expensively when the patent runs out from the brand company. When a new drug appears on the market, the brand company holds the patent for 20 years. At the point, generic manufacturers are allowed to make the drug. Because these companies do not have the development and research costs, they are able to manufacture and sell the generic at a significant discount to the consumer. The competition between the generic manufacturers also keeps the prices low.

What's the main difference between brand-name and generic medications?

Trademark law does not allow the generic to look the same as the brand drug. Often, the color, shape, flavor, and inactive ingredients are different.

Do some patients fare better on the brand-name medication?

In a very small percentage of cases, a patient may have better results with the brand-name. Although this is rare, most doctors do not have reservations about prescribing generics, but always consult your physician before making any medication changes.

Contact L.E. Goodgame & Associates today!

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