What generic drugs mean to business (not just a benefits plan)
The recent National Post article on generic drugs is a topical reminder on the issue of generics, brand names and cost management.
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| Generic vs Brand Name drugs |
Who says generics and brand name drugs are the same?
Luckily, there’s an independent body that validates whether a generic and a brand name drug are the same - Health Canada. See Health Canada regulates the effectiveness of generic medications. Their regulations are complex and rigorous but ultimately, tests are in place to ensure the generic version of a drug works the same as the brand name for the vast majority of people.
