Generics undergo scrutinous requirements to meet the equal efficacy, safety, dosage, strength, stability, and quality of brand name drugs[1]. Generics are developed after the brand name has already been established, and so generic drug approval in many aspects has a shortened approval process because it replicates the brand name drug[2].
Brand name drugs cost more however, because, unlike generic drugs, brand name drugs have to repeat the research trials to show efficacy and safety is fully established[3]. Because drug companies have to invest more in research costs to do this, the price of brand name drugs increases when wanting to be sold to consumers[4]
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- ^ Research, Center for Drug Evaluation and. "Questions & Answers - Generic Drugs: Questions & Answers". www.fda.gov. Retrieved 2017-10-31.
- ^ Research, Center for Drug Evaluation and. "Questions & Answers - Generic Drugs: Questions & Answers". www.fda.gov. Retrieved 2017-10-31.
- ^ Research, Center for Drug Evaluation and. "Generic Drugs - Generic Drug Facts". www.fda.gov. Retrieved 2017-10-31.
- ^ Research, Center for Drug Evaluation and. "Generic Drugs - Generic Drug Facts". www.fda.gov. Retrieved 2017-10-31.