Generic Drug: Its Pros and Cons
A generic drug can be defined as an identical, or bioequivalent to a brand name drug in its dosage form, safety, strength, route of administration, quality, performance characteristics and intended use. Although generic drugs are chemically identical to their branded counterparts, they are typically sold at substantial discounts from the branded price. The difference between a branded and a generic one is only in its name and price. A generic drug is called by its chemical name whereas a manufacturer assigns a brand name.
According to standard practice and most state laws, a generic drug has to be generically equivalent to its brand-name counterpart. That is, it must have the same active ingredients, strength, and dosage form-pill, liquid, or injection. The generic drug also must be therapeutically equivalent-it must've the same chemical components and medical effect.
Generic Drug, a Medical Boon
? Generic drug can provide real value for money. It usually costs 30-75 percent less than its branded counterpart.
? It's a safe and effective alternative to its branded counterpart.
? It's identical in strength, dosage form, and route of administration.
? It adheres to the same batch requirements for identity, strength, purity, and quality.
? It helps in the continuation of treatment of terminally ill and agile patients.
? It lowers the cost of health care while giving the same result as a branded drug.
? Strict FDA approval restrictions ensure the authenticity of such drugs.
Negative Consequences of Generic Drug
? Differences in bioavailability or intrasubject variability can result in overdose.
? If consumed without medical supervision, it can be hazardous.
? Switch over of drugs from generic to brand cannot be smooth all the time especially in case of critically ill patients.
? Though pocket savvy, it's still an alternative, hence the second choice of buyers.
? Bioavailability of a critical-dose drug may vary substantially and it can result in medical complications.
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