- A generic drug is a copy or bio-equivalent of the brand-name drug with the same dosage, safety, strength, quality, how it is taken, performance, and intended use.
- Once the exclusivity or patent protection (This time period is significantly shorter in Canada or UK than in the United States) of a particular brand drug has expired, other manufacturers are now free to create a duplicate. However, they must prove that the duplicate drug has the same active ingredients as the brand-name and works the same way in the body in the same amount of time before it is authorized to be sold in the market.
- Trademark law does not allow a generic drug to look exactly like the brand-name drug. However, while colors, flavors and other inactive ingredients may be different, the drug must duplicate the active ingredients.
- Generics are less expensive because generic manufacturers don't have to invest large sums of money to invent a drug. When the brand-name patent expires, generic companies can manufacture a copy of the brand-name and sell it at substantial discounts.
At CANADA PHARMACY, We only buy generic products from top-tiered generic manufacturers who are also regulated and inspected by regulatory bodies similar to the uSFDA.