About GenericsGeneric drugs are chemically identical to their brand-name equivalent, but are usually much less expensive. When a new drug is developed, it is protected by a patent for a certain time period, giving the developer exclusive rights to manufacture and sell the product, enabling them to recoup the cost of research and development.When the patent expires, a generic manufacturer may make a product using the same active chemical raw materials. After stability testing and bioavailability studies to successfully establish equivalence to the branded product, and upon receipt of FDA approval, the company can take it to market. The savings generated through bypassing the clinical research are duly passed along to the consumer. Generic drugs offer consumers several benefits over brand-name equivalents by:
For more information on generic drugs, visit the FDA’s Office of Generic Drugs page. |
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