Are generic drugs as effective as brand-name drugs?
Yes. A generic drug is the same as a brand-name drug in dosage, safety, strength, quality, the way it works, the way it is taken and the way it should be used.
FDA requires generic drugs have the same high quality, strength, purity and stability as brand-name medicines.
Not every brand drug has a generic drug. When new meds are first made they have drug patents. When the patent expires, other pharma companies can start selling a generic version of the drug.
Effectiveness of Generic Drugs in Australia
In Australia, generic drugs are a crucial part of the healthcare system, providing effective and affordable alternatives to brand-name medications. Generic medicines in Australia must deliver the same active ingredient into the body at the same rate and extent as the original drug.
All medicines, including generics, are rigorously evaluated by the TGA to ensure they meet strict quality, safety, and effectiveness standards. This regulatory framework is harmonized with international standards, ensuring that generic drugs in Australia are as safe and effective as their branded versions
Generic medicines are typically cheaper than brand-name drugs, which helps reduce healthcare costs for both consumers and the government. The entry of generics into the market has been associated with significant price reductions—initially around 31%—and ongoing decreases as more generics become available. The affordability of generics allows for broader access to medications and enables healthcare budgets to be allocated toward newer and more expensive treatments.
Spanish And French Translations Of Common Medication Words:
| English | Spanish | French |
|---|---|---|
| Medications | Medicamentos | Médicaments |
| Tablets | Comprimidos | Comprimés |
| Capsules | Cápsulas | Gélules |
Pharmacies in the United States
Top 10 Pharmacy chains in the U. S. ranked by the number of pharmacists:
| 1 Walgreens | 2 CVS | 3 Walmart | 4 Rite Aid | 5 Kroger |
| 6 Target | 7 Kaiser Permanente | 8 Sears | 9 Cardinal Health | 10 Dominick’s |
Pharmacy-led chains in the United Kingdom
| Alliance Boots | The Co-operative | Lloyds Pharmacy |
| Numark | Rowlands Pharmacy | Superdrug |
The World’s Largest Pharmaceutical Companies
Abbott, Amgen, AstraZeneca, Baxter, Bayer, Bristol-Myers Squibb, Boots, CSL, Eli Lilly, Forest, GlaxoSmithKline, Hoffmann – La Roche, Johnson & Johnson, Merck & Co., Mylan, Novartis, Pfizer (with Wyeth), Sanofi – Aventis, Sandoz, Solvay, Takeda, Teva, UCB, Watson