Asked by: Isabelle Lenzasked in category: General Last Updated: 27th January, 2020
What is generic and brand name drugs?
Click to see full answer.
In this manner, what is the difference between generic and brand name drugs?
They have the same active ingredients, and the manufacturing and packaging must pass the same quality standards. The U.S. Food and Drug Administration (FDA) requires generic drugs to have the same performance and quality as brand name drugs. Cost is the main difference between generic and brand name prescription drugs.
Also, do all drugs have a generic name? A generic drug may be sold under its generic name or under a brand name (a branded generic drug) but not under the brand name used by the original patent-holder. Not all off-patent drugs have generic versions.
Keeping this in consideration, what is generic name and brand name?
Every medicine has a brand name, which is given by the pharmaceutical company that markets the drug, and a generic name, the drug's 'active ingredient' that makes it work. When a medicine with a new active ingredient first appears, it is protected by a patent for several years.
What is generic name in medicine?
Generic name, drug: The term "generic name" has several meanings as regards drugs: The chemical name of a drug. A term referring to the chemical makeup of a drug rather than to the advertised brand name under which the drug is sold. A term referring to any drug marketed under its chemical name without advertising.