- 1401 Avocado Ave, Suite 104 Newport Beach, CA 92660,
- (949) 640-1320
- info@newportrx.com
- Monday - Friday: 9:00am-6:00pm | Saturday: 9:00am-2:00pm | Closed Sunday & Major Holidays
When buying medication, consumers have two main options: brand-name and generic medications. Pharmaceutical companies develop and market brand-name medications, while other manufacturers make generic ones. While brand-name medications often cost more, some individuals believe them to be more effective. However, it is not always true.
Our Newport Beach Pharmacy highlights more such aspects where generic medications differ from Brand-Name medicines. We help you to explore these differences and learn why choosing generic medications may be more cost-effective and equally worthwhile.
Brand-name medicines are protected by patents which allow pharmaceutical companies exclusive rights to manufacture and sell the medication for a limited period.
Brand-name medicines are typically more expensive than their generic counterparts, as the pharmaceutical company must recoup the costs of research and development, clinical trials, and marketing.
Generic medications are dupes of brand-name medications that other manufacturers make once the patent on the brand-name drug has expired. These medications are made with the same active ingredients as the brand-name drug.
They are required to meet the same quality and safety standards as brand-name drugs. Because generic medications are not developed or marketed by pharmaceutical companies, they are typically less expensive than their brand-name counterparts.
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While brand-name medications may be more expensive, they are not necessarily more effective than their generic counterparts and vice-versa. In fact, according to the FDA, generic medications should contain the same active ingredients, route of administration, dosage form, strength, and safety standards.
It means that the generic medication should have the same therapeutic effect as the brand-name medication.
Choosing generic medications over brand-name medications can also save consumers a significant amount of money. According to the FDA, generic medications are typically 80-85% cost-effective than brand-name medications.
It can be especially advantageous for people who have a restricted budget or don’t have insurance coverage for their medicine expenses.
While brand-name medications may seem like the superior option, choosing generic medications can be a cost-effective and equally effective alternative.
They are required to have the same active ingredients, and meet the same quality, and safety standards. Brand-name medications, making them a safe and reliable choice.
When it comes to over-the-counter medications for common ailments, both brand-name and generic versions, and personalized medication are available at Newport Local Pharmacy.
By choosing generic medications, you can save money without sacrificing quality or effectiveness. Contact us to get your medicines at your doorstep.