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Dear Savvy Senior, Are brand-name medications bigger than generic, and if not, why is there such a amount difference? Also, how can I acquisition out which medicines are accessible in all-encompassing form? — Leery Senior

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Dear Leery, No.

Brand-name medications are not better, safer or added able than their all-encompassing another because they’re about the same.

To accretion approval from the U.S. Food and Biologic Administration, all-encompassing drugs are appropriate to accept the aforementioned alive ingredient, strength, dosage anatomy and avenue of administering as their brand-name counterpart. The all-encompassing architect allegation additionally authenticate that bodies blot the biologic at the aforementioned rate.

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The alone aberration amid a brand-name biologic and its all-encompassing is the name (generics are usually alleged by their actinic name); appearance and blush of the biologic (U.S. brand laws don’t acquiesce generics to attending absolutely like the their brand-name counterparts); and price.

Generic drugs are generally 10 to 30 percent cheaper back they aboriginal become available, but by the end of the aboriginal year, the amount can bead in half. And by the additional and third year, it can bead 70 to 90 percent.

Cost difference

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The acumen all-encompassing drugs are so abundant cheaper is because their manufacturers don’t accept the ample start-up costs that the aboriginal creators of the biologic do. Back a biologic aggregation creates a new drug, it spends millions of dollars on the research, development and ytic testing phase.

Then, if it gets FDA approval, it has to about-face about and absorb alike added money to bazaar the biologic to the bloom affliction industry and the public.

The absolute amount can acceleration into the hundreds of millions by the time the biologic is in the easily of consumers.

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In an accomplishment to compensate their investment, the brand-name biologic makers allegation a exceptional amount and are accustomed a 20-year apparent protection, which agency that no added aggregation can accomplish or advertise the biologic during that aeon of time.

After those 20 years are up, however, added companies can administer to the FDA to advertise all-encompassing versions. But because all-encompassing manufacturers don’t accept the aforementioned research, development and business costs, they can advertise their artefact abundant cheaper.

Also, already all-encompassing drugs are approved, there’s greater competition, which drives the amount down. Today, about 8 in 10 prescriptions abounding in the United States are for generic, which saves U.S. consumers about $3 billion every week.

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New generics

You should additionally apperceive that in 2014 and 2015, patents on a advanced array of accepted brand-name drugs will expire and become accessible in generic, including Celebrex, Copaxone, Actonel, Nexium, Exforge, Cymbalta, Lunesta, Avodart, Abilify, Evista, Maxalt, Maxalt MPT, Micardis, Micardis HCT, Reneagel, Twynata and Xeloda.

For a added information, Community Catalyst, a national, nonprofit customer advancement alignment provides a account on their website of the top 50 brand-name drugs and the dates they should become accessible as generics. Appointment http://www.communitycatalyst.org, and blazon “Drugs Going All-encompassing 2014-2015” in their chase bar to acquisition it.

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You can additionally acquisition out if a brand-name biologic has a all-encompassing another by artlessly allurement your doctor or pharmacist. Or, appointment http://www.goodrx.com, a Web apparatus that provides prices on brand-name drugs and their all-encompassing alternatives (if available) at about every pharmacy in the U.S. so you can acquisition the best deals in your area.

Send your chief questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or appointment http://www.savvysenior.org. Jim Miller is a contributor to the NBC “Today” appearance and columnist of “The Savvy Senior” book.

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