What?s the difference between a generic and a brand name drug?
Posted by ~Ray @ 2007-12-21 07:35:09
Not much except for label and price. Because generic medicate manufacturers are not required to duplicate original medical studies proving the safety and efficiency of the chemical compound they can produce generic versions at much lower costs thus passing on these savings to the consumer.
Are generics just as effective as the brand drugs?Generic drugs are just as safe and effective as their brand-name counterparts.
Facts on Generic DrugsGeneric Drugs SalesThe global sales of generic drugs will increase from $29 billion in 2003to $49 billion in 2007. Generic drug sales will increase an average of14% per year (data from IMS Health).
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