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Interesting Facts about Generic Drugs in US

Interesting Facts about Generic Drugs in US

Posted On : 14 September, 2013

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FDA has shared very interesting Infographic with overview of the generic drug market in the US:

 

  • Now days, approx 8 in 10 prescriptions filled are for generic drugs in the United States.
  • The use of generic drugs is expected to grow over the next few years as some popular drugs come off patent through 2015.
  • All FDA approved Generic Drugs must be equivalent to the brand name drugs.
  • Average costs of generic drugs are 80 to 80% lower than the brand name drugs.
  • Generic Drugs are cheaper than Brand Name Drugs; it does not mean they are of low quality.
  • FDA monitors adverse events reports for generic drugs.

 

Interesting Facts about Generic Drugs in US

 

Source: FDA

 

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