2014
DOI: 10.5530/ijopp.7.3.6
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A Global Comparison Between Brand-Name and Generic Drugs

Abstract: While the use of cheaper bioequivalent generic drugs over brand-name drugs has been widely discussed in literature, their market pricing and subsequent use is largely shaped by government policy-making as well as consumer and corporate decision-making. Analysis of literature shows that drug development and testing costs, degree of health care privatization, and pharmaceutical reimbursement all impact the profitability of brand-name drugs within and beyond their patent period. Furthermore, jurisdiction-specific… Show more

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Cited by 6 publications
(7 citation statements)
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“…The implementation of specific regulations to encourage the production and use of generic drugs around the world occurred at different times and in different ways [ 76 ]. Likewise, interest in academic research related to the intention to purchase generic drugs also varied from country to country.…”
Section: Resultsmentioning
confidence: 99%
See 1 more Smart Citation
“…The implementation of specific regulations to encourage the production and use of generic drugs around the world occurred at different times and in different ways [ 76 ]. Likewise, interest in academic research related to the intention to purchase generic drugs also varied from country to country.…”
Section: Resultsmentioning
confidence: 99%
“…Likewise, interest in academic research related to the intention to purchase generic drugs also varied from one country to another, especially the United States and India. This insight also highlighted that these two countries are considered mature pharmaceutical markets due to the time that has elapsed since sector-specific regulations were implemented [ 76 ].…”
Section: Discussionmentioning
confidence: 99%
“…Another pharmaceutical industry "Teva UK Limited" developed bio-equivalent product by conducting bioequivalence study against the innovator product. So, the product of Zentiva is innovator and the product of Teva is generic product [5].…”
Section: Innovator and Generic Drug Productsmentioning
confidence: 99%
“…In terms of differences in the product itself ( Table 2), brand name drugs contain the original combination of the active ingredient and binders that was tested in clinical trials [9]. Brand name drugs often cost at least 50% more than generic [9] but have the advantage of maintaining consistent packaging and therefore are more recognizable to physicians and patients.…”
Section: Differences In Drug Productmentioning
confidence: 99%
“…Brand name drugs often cost at least 50% more than generic [9] but have the advantage of maintaining consistent packaging and therefore are more recognizable to physicians and patients. Generics, however, have the same active molecule but are bound by different excipients and packaged differently [9]. They are more likely to be covered by insurance and are the default medications used in hospital.…”
Section: Differences In Drug Productmentioning
confidence: 99%