When it comes to medications, the long debate between generic and brand-name drugs is often surrounded by misconceptions.
Many patients wonder if choosing a generic drug means compromising on quality because of the difference in price.
In this post, we’ll cover the facts and put an end to the debate “Are generic drugs better than brand name drugs?”.
This guide will help you make informed decisions about your health.
What Are Generic Drugs?
Generic drugs are drugs created to be a copy of an already marketed brand-name drug in dosage form, strength, and all areas.
They contain the same active ingredients and are required to meet the same standards set by regulatory authorities like the Food and Drug Administration (FDA).
Key Points:
- Active Ingredients: Identical to their brand-name counterparts.
- Efficacy and Safety: Must show the same therapeutic effects.
- Regulatory Standards: Subject to rigorous testing and approval processes.
Why Are Generic Drugs Cheaper?
The reason generic drugs are cheaper is because of the absence of the initial research and development costs that brand-name drugs spend. Once a brand-name drug’s patent expires normally after 20 years, other manufacturers can produce the generic version without having to invest in the extensive clinical trials required for the original drug.
In simple terms, they don’t pay the same large price that brand name drugs pay for research and development, (R&D). Generic drugs also have a different look from the original brand drugs because trademark laws require that an original appearance should not be copied.
Cost Comparison:
- Brand-Name Drugs: Often priced higher due to R&D and marketing expenses.
- Generic Drugs: More affordable, offering the same therapeutic benefits.
Why Are Generic Drugs Cheaper?
The main reason generic drugs are cheaper is because of the absence of the initial research and development costs that brand-name drugs incur.
Once a brand-name drug’s patent expires, which is normally after 20 years, other manufacturers can produce the generic version without having to invest in the extensive clinical trials required for the original drug.
Cost Comparison:
- Brand-Name Drugs: Priced higher to get back their R&D and marketing expenses.
- Generic Drugs: More affordable, offering the same therapeutic benefits.
When Might a Brand-Name Drug Be Necessary?
While generic drugs are suitable for most patients, there are instances where a brand-name drug might be preferred:
- Patient Sensitivities: Some people may react differently to inactive ingredients in generic drugs.
- Insurance Coverage: In some cases, insurance plans may only cover specific brand-name drugs.
Ask Your Pharmacist
It is always advisable to talk to your doctor but your doctor is most likely not aware of the cost of drugs or if there is a generic version available.
That’s where your pharmacist comes in handy. They are in a better position to answer all your questions.
Ask Your Pharmacist – Is there any generic version of this drug?
In Summary
At Gattis Pharmacy, we prioritize your health and well-being. If you have questions about your medications or need guidance on choosing between generic and brand-name drugs, our experienced pharmacists are here to help.
Contact us today to schedule a consultation or pay us a visit (we have a drive-thru) Gattis Pharmacy, 201 E Wilco Hwy, Hutto, TX 78634.
