Generic Drugs. You probably know they're less costly than the same drugs with brand
names. But it's only natural to have questions. Is the quality the same? Are the
standards the same? Do generics have the same government approvals as the brand-name
versions?
You should understand and be comfortable with the drugs prescribed and dispensed
by your doctor, pharmacist and/or other healthcare providers.
Here are some answers to some of the most commonly asked questions about generic
drugs. If you need more information about any medication, your doctor, pharmacist
or other healthcare provider are your best personal resources.
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Q.
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What is a generic drug?
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A.
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When a company receives a patent for a new drug, the government allows the manufacturer
to develop and market the drug for 20 years without competition. Sometimes multiple
patents can extend this period. When the patents expire, the drug becomes "generic"
and other companies are then free to manufacture and market the generic drug.
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Q.
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Is the generic drug the same as the original brand-name drug?
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A.
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Yes, although the generic drug may look different, the drug is required to duplicate
all the important aspects of the brand-name drug, including the active ingredients,
dosage levels, the way it's taken, and the time required for the ingredients to
be absorbed by the body.
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Q.
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How can I be absolutely sure a generic is equivalent to a brand name?
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A.
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Both generic and original brand-name drugs are regulated by the Food and Drug Administration
(FDA). The FDA reviews tests of all generic drugs to be sure they are "bioequivalent/therapeutically
equivalent" to the original products. They look at such things as chemistry, formulation,
potency, stability and purity. The FDA's approval means the generic product is recognized
as equal to, and interchangeable with, the original drug. Your pharmacist provides
only products that have been approved by the FDA.
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Q.
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What's the advantage of a generic vs. a brand-name drug? |
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A.
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Generic drugs cost less money. On the average, most generics are about half the
price of the brand-name drug; some generics may cost up to 60% less than the brand-name
version.
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Q.
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If quality and effectiveness are the same, why does a generic drug cost so much
less than the original brand-name drug? |
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A.
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Creating a new drug and bringing it to market requires a huge upfront investment
in research, development, testing and initial approvals. During the 20-year patent
period, the originator of the drug has an opportunity to recover these costs in
the purchase price.
By the time a generic drug comes on the market, the initial cost has usually been
covered. There's no reason to pass these costs along to the patient. Plus, competition
in the generic marketplace helps keep costs low.
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Q.
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Why do generic drugs look different than brand-name drugs? |
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A.
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While 20-year patents cover what's in the drug, the appearance is covered by trademarks.
Under trademark law, the name, color and "look" of the original drug can't
be used by another company.
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Q.
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How can I be sure I get an opportunity to save money with generic drugs? |
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A.
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Most doctors are happy to prescribe generics to help their patients save money.
But doctors are busy. Sometimes they need to be reminded. In many states, it's perfectly
legal for pharmacists to substitute generic drugs even if the doctor has written
down the original brand name. And of course, in any state, the pharmacist is always
free to call the doctor's office for approval to substitute a generic for a brand
name. For the patient, sometimes it pays to take the lead in requesting money-saving
generic products.
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Q.
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How common are generic drugs? |
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A.
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Very common. Generic drugs are so popular that they now make up nearly half the
2.4 billion prescriptions written in the country every year. Many prescription plans
and other programs require that generic drugs be used to save costs.
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Q.
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Where can I learn more about generic drugs? |
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A.
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Your pharmacist should be completely up-to-date on the availability and advantages
of generic drugs. Just ask. Good communication is an important part of healthcare
- and it can save you money.
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