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Generic And Name Brand Drugs

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While recent advancements in modern medicine have turned it into a field of competition between generic and name-brand drugs, these drugs show very slight differences in ability while they have a large difference in price. The FDA is in charge of overseeing the creation of these generic and name brand drugs. Too much diversity in their results is unacceptable to FDA so they keep a close watch on the makeup and effectiveness of the drugs and how they impact the human body. Along with the differences in their chemical makeups shown by the results of each drug there are the social issues that accompany the name-brand and marketed drugs vs. the generic drugs which are never advertised and only sold. The idea that and almost identical product …show more content…

Both of those companies were under another company called boots who, up until 1986, held the patent rights to ibuprofen. After 1986 many generic-brand labels began to produce ibuprofen. The rise in generic ibuprofen completely shut out all but one of the name brand producers of ibuprofen as shown by the disappearance of Nuprin. Generic drugs have destroyed the market for name-brand drugs by being cheaper and just as efficient “When a generic drug product is approved, it has met rigorous standards established by the FDA with respect to identity, strength, quality, purity, and potency. However, some variability can and does occur during manufacturing, for both brand name and generic drugs. When a drug, generic or brand name, is mass-produced, very small variations in purity, size, strength, and other parameters are permitted. FDA limits how much variability is acceptable” (FDA). This lack in difference of quality has allowed generic drugs to out sell many name brand drugs since people understand that what they are buying are practically the same thing so why would they buy anything more expensive. “Generic manufacturers are able to sell their products for lower prices because they are not required to repeat the costly clinical trials of new drugs and generally do not pay for costly advertising, marketing, and promotion. In addition, multiple generic companies are often approved to market a single product; this creates competition in the market place,

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