Brand-name drugs are eusually available from only one manufacturer and may have patent protection. Generic drugs are required by law to have the same active ingredients as their brand-name counterparts, but are normally only available after the patent expires on a brand-name drug. People using generic over brand-name medications can typically save money.
Are generic medications as safe and effective as brand-name drugs?
Yes. Generic medications are regulated by the FDA. In order to pass FDA review and be A-rated, the generic drug is required to be therapeutically equivalent to its counterpart brand-name medication in that it must have the same active ingredients, and the same dosage and strength.
Why are generic medications less expensive?
Normally, a generic drug can be introduced to the market only after the patent has expired on its brand-name counterpart and can be offered by more than one manufacturer. Generic drug manufacturers generally price their products below the cost of the brand-name versions.