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Do generic medications produce the same effect that the brand name medicines do?

The difference between a brand name medicine and a generic one is in the name, shape and in the price. A generic drug is usually called by the name of the active ingredient while a manufacturer uses a brand name. They are the same chemically and since the active ingredient is identical, they have the same medical effect. Thus buying a generic medication one pays less but gets the very same result.

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07.09$5.4M Paid to Settle Drug Cover-up Claims
(AP) Drugmakers Merck & Co. and Schering-Plough Corp. said Wednesday they will pay $5.4 million to settle civil claims that the companies covered up test results that cast doubt on the ...
07.09EU probes firms over drug delays
The European Commission says it has launched anti-trust investigations into drugs firms over costly delays in introducing cheaper generic drugs. Among them is the French pharmaceutical firm ...
06.09Japan approves first generic biotech drug
Reuters - Japanese regulators approved a human growth hormone from Novartis AG, the first green light in Japan for a biosimilar or generic version of a biotech drug, the Swiss drugmaker said...
06.09Drug deals cost U.S. consumers $3.5 bln a year: FTC
Reuters - Consumers, insurance companies and the federal government spend an extra $3.5 billion for prescription drugs every year because brand-name companies pay generic producers to stay o...
06.09U.S. lawmakers tussle over generic biologic drugs
Reuters - U.S. lawmakers tussled on Thursday over how long makers of biotechnology drugs should have an exclusive license for the expensive medicines in a hearing called to discuss a Federal...
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