I have had a number of discussions in the past over the topic of Generics in the marketplace, and one recently with my wife that caused me to feel the need to write my opinion out for comment and clarification.
Generics are generally safe alternatives to brand name prescription drugs. There, it's out in the open! That being said, are they always the same product? The answer is an unequivocal NO. While there are generics that are close enough, and work the same, they are not the same formulation and therefore, are not exactly the same. The real metric is efficacy in the patient against the target indication, and there as well, there is variation. The testing for generics is generally by blood level comparison, not full trials matching efficacy. See the comments from the FDA on this topic here.
The FDA backs up this position with a series of "Fact Statements", including this one:
Generic manufacturers are able to sell their products for lower prices, not because the products are of lesser quality, but because generic manufacturers generally do not engage in costly advertising, marketing and promotion, or significant research and development.
As can be seen, leeway is granted a generic manufacturer, though theoretically it is "close enough".
We can accept that the generics are generally safe alternatives to name brand, and in most cases will be sufficient for use. The cost is also compelling. This is the next and as or more significant piece of the discussion. Reading the FDA comments, you can see the highlight about the lack of R&D that goes into the process for generics. This allows the price to be low. The inverse is also true. Drug development and manufacturing is a hugely risky business, with an extremely high failure rate. Who wants to invest in that? As we increase regulatory hurdles, we increase the burden on the drug companies engaged in actual R&D bringing products to market. While the generic manufacturers do not feel this, it dramatically impacts the source of their products, the original manufacturers.
As the risks increase and the costs increase, if there is not a corresponding increase in profit, the investment in new drug research becomes less and less appealing. As investment dries up, research also decreases until we are left with a marketplace comprised of products that are "has beens". Not to diminish the value of what we have, but drug resistant strains of virtually all major indications are becoming the norm. without innovation, we will be unable to continue to effectively treat even the common illnesses, let alone the novel work being done around the big ones like Alzheimers, Aids, Cancer and the like.
The answer I believe, lies in the balance of regulation, patent protection and risk management. We cannot crush or eliminate innovation in the name of short term cost. This is an investment that pays over time, and we need to keep the future of our grandchildren and their future generations in mind on this argument.
Labels: FDA, Generics, Pharmaceutical