Wellness Seeker Brand vs Generic Drugs
Thursday, December 8, 2022
Is generic equivalent?
We all have favorite brand items we’re willing to pay more for because we believe they are better than the off-brand options. Maybe there is a slight variation in our preferences for ketchup, cream cheese or tissues. When it comes to medications, the quality, safety and strength of generics are equivalent to brand.
See below for more information on how brand and generic drugs are the same and differ.
Nearly 8 out of 10 prescriptions filled in the U.S. are for generic drugs
Equivalent amounts of the same active ingredient(s) as brand name counterpart
Must look different from brand name counterpart due to trademark laws
Works in the same amount of time as brand name counterpart
80-85% more costly
Pays for up front research costs, that created the drug from scratch
Patent protected for several years before the generic equivalent is allowed
Every brand name drug does not have a generic equivalent
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