Generic drugs are the bioequivalent to popular named brands. The only difference is that the active ingredient of generic drugs does not have an official patent like the brand name counterpart. For instance, Tylenol is a specific brand. The generic version of Tylenol is called acetaminophen. The US Food and Drug Administration, otherwise known as the FDA, says the generic version of a drug must be a bioequivalent to the brand named drug. This means the dosage, safety, strength, quality, and performance must meet that of the brand version.
According to the law, generics have to look different in appearance so consumers are not confused as to what they are buying. This explains the different look of generics, such as a difference in color or size from the brand we are accustomed to. They may in fact taste or smell different due to differences in their inactive ingredient, but the active ingredient is still the same.
When a patent runs out on brand named drugs their lower priced replicas can enter the market and join in on the competition. They enjoy a lower price because the major brand companies have taken on all of the initial start up and research and development costs. Generics have to perform secondary testing both on the chemistry of the product as well as the marketing costs associated to introducing it into the market, but overall their costs are substantially lower.
Safety has always been a concern when dealing with non brand name drugs, but the FDA has given them the seal of approval. And although most doctors still prefer to prescribe name brands, there are a growing number of physicians who are recommending the generic alternative. Safety is an issue when taking either type of drug. Do your research and consult a doctor or pharmacist with any concerns.
The main reason users may prefer these drugs over the original is due to their lower costs. The FDA considers them safe to administer, although in some cases they use a different inactive ingredient than the brand item. Doctors normally prescribe brand names to their patients, but you can always ask for this optional version.
There is some crossover in the market that may be surprising for many to learn. Approximately half of the generic drugs out there are produced by major brand named companies. They produce their popular name brand along side the generic brand, which is then sold at a lower price. This way they have reduced the impact of competition on their sales and target both markets.
Alternatively, there are manufacturers that only produce generic prescriptions. More than half of prescription drugs are filled with non brand named items. These drugs are cost beneficial, especially for the uninsured or the elderly who may be restricted to a fixed income.
The FDA has determined that generic drugs are just as safe as their brand named innovators. It is nice to have an option. Pharmacist have also been known to step in and contact a customer’s doctor to see if a cheaper drug can be substituted for the more expensive brand item. Especially since they both work in the same manner. The price savings can be quite significant, but it is always best to consult with your doctor. If you find that alternative generics are the better option for you then discuss your needs with your doctor and research what is available on the market.