Interesting Facts about Generic Drugs in USA - The
FDA has shared a very interesting infographic with an overview of the generic drug market in the United States:
Today, approximately 8 out of 10 prescriptions filled are for
generic drugs in the United States. The use of generic medicines is expected to
grow in the coming years as some popular medicines become patent until 2015.
• All generic drugs approved by the FDA must be equivalent to
brand name drugs.
• The average costs of generic drugs are 80 to 80% lower than
brand name drugs.
• Generic drugs
are cheaper than brand name drugs; it does not mean they are of poor quality.
• The FDA monitors reports of adverse events for generic
drugs.
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