Generic Brand Name Drug List
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FAQ about Generic Brand Name Drug List
What is the difference between generic and brand name?
- All brand and generic medications go through FDA approval to show the medications are safe and effective before sale in the U.S.
- Not all medications have generic versions.
- A brand medication is the “innovator” or pioneer, and gets patent and exclusivity protection so generics can’t compete right away.
Is there a generic equivalent to my brand name drug?
Yes. The FDA must first approve all generic drugs before they are marketed. The FDA requires that generic drugs must be as high in quality, and as strong, pure and stable as brand name drugs. Generic drugs use the same active ingredients as brand name drugs and work the same way.
Are generics the same as brand?
Though the names are different, generic and brand-name drugs work the same. According to the FDA, generic drugs are just as effective as their branded counterparts. Generic name drugs typically cost about 80% to 85% less than branded drugs. You visit your doctor, and they write you a prescription for a brand-name medication.
Why do generic drugs cost less?
Generic medicines cost less mainly because of their production costs. Their production costs are less because the companies don’t have to invest money in research and development of the drug since that is already taken care by the brand as their patent drug.