About the Pharmaceutical Industry
|
| |
What is a generic drug?
Generic drugs are pharmaceutically and therapeutically equivalent versions of brand name drugs which have established safety and efficacy. The Food and Drug Administration determines generic drugs to be "therapeutically equivalent" to brand name drugs after a successful completion of a "bioequivalence study" in which plasma levels of the active drug substance in healthy people are shown to be comparable between the generic drug and the brand name drug. Generally, Sandoz does not market its generic drug until after the brand's patent expires except under special circumstances when the brand's patents are not violated. Sandoz's drugs are sold under their generic names.
|
 Back to the top
| |
| |
What is the role of generic drugs in the pharmaceutical and health care industries?
Generic drugs play a significant role in the pharmaceutical and healthcare industry. Although generic drugs are chemically identical to their brand counterparts, they traditionally cost consumers 30 to 50 percent less than the brand drug. Today 45 percent of U.S. prescriptions are filled with generic drugs.
|
Back to the top
| |
| |
Are all Sandoz drugs FDA approved?
Yes. Generic drugs are held to the same rigid standards as the innovator drugs, as dictated by the Food and drug Administration.
|
Back to the top
| |
