The cost difference between a brand name drug and its generic equivalent can be hundreds of dollars. Generic drugs are equal substitutes for their brand name counterparts. The FDA conducts rigorous reviews on all generics to make sure these medications meet the same standards as the brands.
- A generic medication works in the same way and provides the same clinical benefit as its brand-name version.
- Any generic medication modeled after a brand-name medication must perform the same in the body as the brand-name medication.
- FDA scientists review the manufacturers’ procedures and FDA inspectors go to the generic drug manufacturer's facility to verify standards
- Placebos labeled with a brand name can prompt as much relief for conditions such as headache andheartburn as tablets containing the actual drug
- Direct-to-consumer advertising for drugs totals about $5 billion annually
- When multiple generic companies market the same product, market competition typically results in prices about 85% less than the brand name.
- The active ingredient is the same and the inactive ingredients of the medication are FDA-Approved
- Extensive "stability tests" prove that generic versions are effective for, at minimum, the same amount of time as the brand-name, if not longer.
- Evidence must be provided that each step of the manufacturing process will produce the same result each time.
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