Generic Vs. Name Brand Drugs

Generic drugs do not differ significantly from their name brand counterparts in most ways. The primary difference is cost hence the reason many insurance companies require individuals to choose the generic option whenever available.

Generic Explained

When the trademark on a name brand drug expires, other manufacturers can create generic versions of the medication. The active ingredients must be the same but the inactive ingredients can differ, according to the FDA.

Similarities

By FDA regulations, the generic versions of drugs must work the same way, must work just as quickly and effectively, and must be equally as safe.

Appearance Differences

Generic versions cannot look the same as their name brand equivalents. Different colors and markings are used so no similarity is perceived.

Cost Differences

Because manufacturers of generic drugs did not pay for the research and development of the medication, they can afford to charge less. According to PharmacyChecker.com, Glucophage (a name brand diabetic medication) costs $51.25 for 50 pills at Costco while the generic version (Metformin) costs $6.70 for 50 at the same store.

Waiting for Generics

Not all name brand medications have generic equivalents. The trademark on a drug must be near expiration before other manufacturers can ask the FDA for permission to make the generic version.

References

• Palo Alto Medical Foundation
• Medicinenet.com
• Dr. Weil.com

Resources

• Glucophage
• Metformin