Generic vs. Brand Name Drugs: 'More Expensive' Doesn't Mean 'Better'.

Los Angeles Business Journal | August 14, 2000 | Copyright

One of the most common misperceptions in healthcare is the widespread belief that generic drugs are somehow inferior in quality to recognizable brand name pharmaceuticals. In fact, nothing could be farther from the truth. Every drug sold in the U.S. has a generic name and every drug with the same genetic name has an identical chemical structure. A "brand" label is nothing more than the unique product name given to a specific generic drug by its manufacturer.

For example, acetaminophen is the generic name for the drug commonly known as Tylenol. Many manufacturers may ...

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