Generic drugs are cost affordable alternatives to brand name medications. A generic drug is one that contains the same pharmaceutical agent as the brand name drug. Generics can be produced once the patent of a brand name drug expires. Generic companies are able to manufacture the same chemical ingredients that are found in brand name drugs at substantially reduced costs. In Canada all generic products must meet stringent testing to ensure that these drugs work as effectively as the brand name versions. This testing occurs prior to any generic medication being allowed into the market. In fact, the generic versions of some drugs are manufactured by the same companies and at the same locations as the brand name versions.
Make sure you ask your doctor about the availability of generic drugs. After all, it’s your money – why not use it wisely!