What are Generic Drugs?
A generic drug is identical, or bioequivalent
to a brand name drug in 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. According to the Congressional Budget
Office, generic drugs save consumers an estimated $8 to $10 billion
a year at retail pharmacies. Even more billions are saved when
hospitals use generics.
Frequently Asked Questions about Generic Drugs - FAQ
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