Definition: A generic drug is an FDA-approved copy of a brand-name drug. FDA requires it to have the same active ingredient, strength, dosage form and route as the brand, to be bioequivalent to it, and to have the same label with certain exceptions. FDA says generics have the same benefits and risks.
FDA says a generic applicant must show the medicine is the same as the brand in these ways:
FDA explains that generic makers do not repeat the animal and human studies the brand needed to prove safety and effectiveness, and that several generics often compete for the same product. FDA cites price drops of about 30% with one generic competitor and nearly 85% with five.
A copy of a biologic medicine, such as a protein made in living cells, is called a biosimilar, not a generic. A compounded drug is not a generic either: it is made by a pharmacy for a patient and is not FDA-approved (see 503A vs 503B). Some site comparisons, such as glimepiride, cover a generic label directly.
Read more on Dose Track: Glimepiride side effects · Compounded vs brand semaglutide