Generic Drugs are a copy of brand name drugs. They have the same active ingredients as the original drug, meaning they contain the same medicinal ingredients and are considered bioequivalent to the brand name drug.
Generic drugs must contain the same amount of medicinal ingredients as the brand name drugs and they are all regulated by Good Manufacturing Practices. Health Canada is responsible for making sure that any generic product sold in Canada meets the safety, quality and effectiveness standards.
Generic drugs are typically 60 % cheaper than brand name drugs. This is because generic drugs are not innovative drugs and they are copies of brand name drugs. This means that they are generally not subject to clinical trials and are less marketed.
Generic drugs are essentially a cheaper version of the same brand-name drugs. They are approved by Health Canada for their bioequivalence and safety.