Let’s explore the primary differences between generic and brand name drugs:
Things to know…
A brand name medication is the first of its kind and gets to “brand the name”. For instance, there are many sources of acetaminophen, but only one Tylenol™. So, how does a medication become the first?
Being first requires lots of time and money. The pharmaceutical company developing the new drug bears the burden associated with its discovery, research and marketing. Then, it must be subject to clinical trials and regulatory approvals before ever reaching a pharmacy shelf.
Three fast prescription facts
Are most drugs prescribed generic?
Yes. Nearly eight out of 10 prescriptions filled in the U.S. are for generic drugs.
Are generic drugs a safe option to save on prescription expenses?
Yes. Lower prices do not mean lower quality: generic drugs, which are the chemical copies of their brand-name counterparts, are just as effective, but typically cost 80% to 85% less.
Do all brand-name drugs have a generic equivalent?
Not necessarily. Generic medications usually become available after patents protecting a brand-name medicine expire.
Filling the prescription: Generic or Brand Name?
When your doctor prescribes a medication, will you be receiving a brand or a generic drug?
Filling the prescription: Generic or Brand Name?
When your doctor prescribes a medication, will you be receiving a brand or a generic drug?
Sources:
- https://www.cedars-sinai.org/blog/generic-vs-brand-name-drugs-whats-the-difference.html
- https://www.uhhospitals.org/blog/articles/2022/07/generic-vs-brand-name-drugs-is-there-a-difference
- https://blog.bcbsks.com/2017/02/08/infographic-generic-vs-brand-drugs-are-they-different/
- https://calpers.healthnetcalifornia.com/health-wellness/generic-drugs.html
- https://accessiblemeds.org/resources/reports/2022-savings- report
- https://accessiblemeds.org/resources/reports/2020-generic-drug-
