Some people worry that because the generic version costs so much less than the brand-name drug, that the quality or effectiveness of the medication might be compromised in order to save money. However, the generic versions cost less not because of cutting corners, but because the manufacturer has not had to pay for researching, developing, and marketing a new medication. The bulk of the expenses for drug manufacturers come from research, development, and promotion of the drug, and companies that develop new drugs are given a patent. The patent usually lasts for 7 years and allows them to sell the drug exclusively until it expires. When patents near expiration, other manufacturers can request permission to create and sell generic forms of the medication. Since they don’t have the startup expenses of development, they can sell the drug less expensively. In addition, competition between various companies who manufacture generic versions can drive the price even lower.
It is a myth that generic medications are made in inferior facilities or that they are poorer in quality to brand name medicines. The FDA also regulates the facilities that make medications and all must meet the same stringent standards. In fact, many manufacturers make both generic and brand-name drugs, so a lot of the generic versions you may use are created in exactly the same facility as the brand name drugs.
There is also no evidence that there are any differences in rates of side effects between generic and brand name products.
Dr. Matt Ramirez graduated with a degree in Bachelor of Human Biology in 2004 and received his Doctor of Chiropractic Degree in 2006. He specializes in auto injury recovery and rehabilitation and has enhanced and improved thousands of lives as well as treated people of all ages over the years. He is also an expert in health and wellness, massage therapy, chiropractic care, and more...