Generics FAQs

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Frequently Asked Questions Generics

FAQs

What are generic medicines?
Generic medicines are drugs that contain the same active ingredient(s) as their brand-name counterparts. They are typically sold under their chemical names and are equivalent in dosage, strength, safety, route of administration, quality, performance, and intended use.

Are generic medicines as effective as brand-name drugs?
Yes, generic medicines are required to demonstrate bioequivalence to the brand-name drug, meaning they have the same rate and extent of absorption. Regulatory agencies require generic drugs to meet the same standards for safety, efficacy, and quality as brand-name drugs.

Why are generic medicines cheaper than brand-name drugs?
Generic medicines are usually cheaper because their manufacturers don't have the same development costs as brand-name drug companies. Generic drug makers don't need to conduct expensive clinical trials and other research to prove safety and effectiveness. Therefore, they can offer their products at lower prices.

Are there any differences in inactive ingredients between generic and brand-name drugs?
Generic drugs may contain different inactive ingredients (excipients) such as fillers, binders, and coloring agents. However, these inactive ingredients are generally considered inert and do not affect the drug's efficacy or safety. Some individuals may be sensitive to certain inactive ingredients, so it's essential to check the ingredient list if you have specific allergies or sensitivities.

Are generic medicines manufactured to the same quality standards as brand-name drugs?
Yes, generic medicines are subject to rigorous quality standards enforced by regulatory agencies such as the FDA (Food and Drug Administration) in the United States or the EMA (European Medicines Agency) in Europe. Manufacturers of generic drugs must demonstrate that their products meet the same quality, safety, and efficacy standards as brand-name drugs.

Can I switch from a brand-name drug to a generic version?
In many cases, patients can safely switch from a brand-name drug to a generic equivalent if one is available. However, it's always best to consult with a healthcare professional before making any changes to your medication regimen. They can provide guidance based on your individual medical history and specific circumstances.

Are there situations where generic medicines may not be suitable?
While generic medicines are equivalent to brand-name drugs in most cases, there may be instances where a specific formulation or inactive ingredient in the brand-name drug is crucial for a patient's treatment. In such cases, healthcare providers may recommend sticking with the brand-name drug. Additionally, some complex biologic drugs may not have generic equivalents due to the complexity of their manufacturing process.

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300 +
Generics Market

Global Generic Drug
Market Size
of > 300 Billion

90% +
United States

In the US, approx.
90% of prescriptions
filled with generics

30% +
NAPB Survey

Over 30% of consumers
in the US have purchased
from online pharmacies

70 +
Online Pharma

Global online pharmacy
market valued at $70+B

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