How are Generic Drugs Different From Branded Drugs ?
Jun 14, 2023
Generic drugs and branded drugs are different in several ways. Here are the key differences between the two:
Name and Appearance: Branded drugs are marketed under a specific brand name chosen by the pharmaceutical company. They often have unique packaging, shape, color, and marking. On the other hand, generic drugs have the same active ingredients as their branded counterparts but are typically marketed under their generic or chemical names. They may have different packaging and appearance from the brand-name version.
Patent Protection: Branded drugs are developed by pharmaceutical companies and are protected by patents, which give the company exclusive rights to manufacture and sell the drug for a specific period (usually 20 years). During this time, no other company can produce the same drug. Once the patent expires, other manufacturers can produce generic versions of the drug.
Cost: Branded drugs are generally more expensive than generic drugs. Pharmaceutical companies invest heavily in research, development, and marketing, which contributes to the higher cost. Generic drugs, on the other hand, are usually more affordable because manufacturers don't have to repeat the extensive research and clinical trials conducted by the brand-name company.
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