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From the Google:
Generic medications must contain the exact same active ingredients as the brand name and are chemically equivalent. A brand-name drug and its generic version must have the same active ingredient, dosage, safety, strength, usage directions, quality, performance and intended use. Brand-name firms are linked to an estimated 50% of generic drug production. They frequently make generic copies of their own or other brand-name drugs, then sell them with a generic name.
Presumably, the OEM went through the process of learning how to make it and really knows their stuff - all the ins and outs.
What you hope when you go generic is that also made by that company and they don't screw up making the drug.
Yes there is a standard in that case, but that does not mean all manufacturers are created equal. Do they take shortcuts in packaging? Do they have the same levels of quality control? There are many questions.
Same in most industries where knockoffs are rampant. It just so happens there is a humanitarian argument and a degree of oversight in the case of medications.
