What is the difference between a generic and a brand name drug?
The difference between a generic and a brand name drug is really insignificant as they differ mainly in brand name and price. The manufacture of generic drug products regularly does not require the duplication of initial medical studies in order to provide proof that chemical compound of a drug is secure for health and efficient. As a result, generic drug manufactures are given an opportunity to lower their costs when producing generic versions, which leads to transfer of these savings to the consumer.
Related Questions
- A non-preferred drug is a medication that has been determined to have an alternative drug available that is clinically equivalent. If I am taking a brand name drug when a generic equivalent is available, at what co-payment level will this drug be available?
- Aetna RX charges like price for brand drug Altace and Ramipril which is the Generic. Is this officially recognized?
- Won’t generic companies stop challenging brand drug patents if Authorized Generics are allowed to continue?
