Generic drugs are unbranded pharmaceutical products. They are Equivalent to Brand Name Drugs in Quality, Strength, Safety and Effectiveness but cost significantly less than the branded price.

Are Generic Drugs as Effective as Brand Name Drugs?

Generic Drugs are just as effective as brand name drugs. Generic drugs contain the same Active Pharmaceutical Ingredients (APIs) as their brand name counterparts and must be identical in terms of composition, dosage forms, strength and route of administration. Generic Drugs must provide the same bioavailability as their brand name versions; which means the therapeutically active ingredient in the generic drug must be absorbed in the body at the same rate as the brand name drug. If the generic drug has the same bioavailability as the brand name drug it is bioequivalent and is just as safe and effective as the brand name version.

Are Generic Drugs as Safe as Brand Name Drugs?

Generic medicines have to be safe and effective to be approved by a drug regulatory authority in any country. Generic drugs use the same active ingredients and must meet the same, strict government regulations as brand name drugs. Both generic and brand name drug manufacturing facilities are subject to identical rules and regulations. The drug regulatory authorities also require generic drug manufacturers to follow strict Good Manufacturing Practices and meet the same requirements for strength, purity and quality as the original manufacturer.

Why Do Generic Drugs Cost Less Than Brand Name Drugs?

Brand name drug companies incur substantial costs for the initial research and marketing of an original drug. These costs are incorporated into the total price of the original brand. On the other hand, generic drugs do not have these costs, and are able to pass on the savings to consumers in the form of lower prices.

Are All Brand Name Drugs Available in Generic Form?

No. When a medicine is first developed, the original drug manufacturer receives a patent, which gives it the exclusive right to sell the drug while the patent is in effect. Once the patent expires, a generic form of the drug may become available.