Facts and Fallacies about Generic Medicines10-01-2017
Generic medicines have been available in Australia for 40 years, and widely supplied through the Pharmaceutical Benefits Scheme for over 20 years, delivering the same health benefits as the original brands at a lower cost to government and the community. Through monitoring generic medicine use over this time, their role as safe & effective treatment options has been confirmed.
The following statements about generic medicines are TRUE
- A generic medicine is simply another brand, which contains the same active ingredient as the original brand, and which is accepted to work in the same way. Therefore generic medicine is the same quality as the original brand, and meets the TGA standards of safety and performance equivalence to the original brand.
- A generic medicine is subject to much greater government scrutiny compared to other “generic” or home brand consumer products that you buy at the supermarket. All medicines sold in Australia, whether a generic medicine or original brand, must meet the same tough quality standards set by a government agency called the Therapeutic Goods Administration (TGA). The role of the TGA is to evaluate and verify that all prescription medicines provide an appropriate safety and performance profile. Read More >