Generic medications are copies of brand-name medications that have exactly the same dosage, intended use, effects, side effects, route of administration, risks, safety, and strength as the original medication. In other words, their pharmacological effects are exactly the same as those of their brand-name counterparts. The Federal Drug Administration, FDA, requires that generic medications work as fast and as effectively as the original brand-name products. Generic versions of a medication have different colors, flavors, or combinations of inactive ingredients than the original medications. Trademark laws in the United States do not allow the generic medications to look exactly like the brand-name preparation, but the active ingredients must be the same in both preparations, ensuring that both have the same medicinal effects.
An example of a generic medication that is often used to treat diabetes is metformin. A brand name for metformin is Glucophage. Brand names are usually capitalized while generic names are not. Another generic drug used for hypertension is metoprolol. A brand name for the same drug is Lopressor.
The concern I here most from patients is whether the generic medications are as effective as the brand name. The Federal Drug Administration requires that generic medications be as safe and as effective as brand-name medication. The cost of generic medication can be substantially less than there branded counterparts. This saving can help many of our seniors from having to choose their medication or other essentials in their daily lives. Rest assured that the quality and effectiveness of your generic medication has not been compromised.
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Generic medications are only cheaper because the manufacturers have not had the expenses of developing and marketing a new drug. It is very expensive to bring a new drug onto the market. The generic companies do not have to spend substantial money on research, development, marketing and promotion of the medication. Thus the saving is passed to the consumer.
So there is no truth in the myths that generic medications are manufactured in poorer-quality facilities or are inferior in quality to brand-name medications. The FDA applies the same standards for all drug manufacturing facilities, and many companies manufacture both brand-name and generic medication. In fact, the FDA estimates that 50% of generic drug production is by brand-name companies.