By definition a generic drug is the exact copy of a brand name drug, but
usually sold at a much lower price. The brand name drugs are manufactured
by large well known pharmaceutical companies and are called “brand name”,
because instead of their chemical or generic name, they have a “brand
name”. They are sold and marketed with this name, chosen by the company,
which first developed the drug.

Is there a difference between the brand name drugs and their generic
counterparts?

They both have the same ingredients, effect and dosage. The main
differences are the price and the name. The generic drugs are not
allowed to have the same brand name, which further strengthens the
competition between generic drug companies.

Why are generic drugs cheaper?

The main reason for this is that prior to the release of a new drug,
companies spend millions of dollars in research, development and
marketing. Generic drug manufacturers do not have such expenses,
thus they only have manufacturing costs.

Are generic drugs safe?

Generic drugs must meet the same manufacturing requirements as the
brand name drugs. There requirements are set by the Federal Food and Drug
Administration (FDA) and include a series of test which assure that the
generic drug is exactly the same as the original. If a drug is unsafe, it
would never reach the market.

Are generic drugs widely available?

Yes, they are sold in regular pharmacies. However if you have a
prescription for a brand name drug, you cannot substitute it with it’s
generic counterpart. Therefore it is advisable that you contact your
doctor and explain that you want to be prescribed generic drugs whenever
possible. If a doctor is not aware of a specific generic drug that can
replace the prescribed brand name drug, your pharmacist may consult
him to prescribe you a cheap generic.