The Science Of ...

Aspirin is aspirin, or is it? The science of generic medicine…

(Click here for more from "The Money Show".)

Generic drugs use the same active ingredients than branded drugs.

For example; the well-known pain reliever Myprodol has multiple generics (Gen-Payne, Mybulen, etc.).

They contain the same ingredients (Ibuprofen, paracetamol and codeine) in the same dosage.

When a drug is no longer under copyright, anyone can produce it, under a different name, with the same active substances.

In most cases generic drugs are cheaper to buy than the branded alternatives.

The Money Show’s Bruce Whitfield interviewed Paul Anley, CEO of Pharma Dynamics, for his weekly "The Science Of" feature.

Anley spoke about the science of generics.

Scroll down for quotes from the audio below.

You can be sure that the generic will work as well as the original.

Paul Anley, CEO of Pharma Dynamics

There are very tight specifications that drug makers have to stick to.

Paul Anley, CEO of Pharma Dynamics

A patent lasts 20 years.

Paul Anley, CEO of Pharma Dynamics

The typical argument against generics is that it will discourage originators from developing new drugs. The opposite is, in fact, true.

Paul Anley, CEO of Pharma Dynamics

Generics are used almost exclusively in the state tender system. We’re talking billions of rands in savings.

Paul Anley, CEO of Pharma Dynamics

There is no difference between an off-the-shelf paracetamol and a Panado.

Paul Anley, CEO of Pharma Dynamics

All generics by definition are equal to each other.

Paul Anley, CEO of Pharma Dynamics

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