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Generic Lipitor Comes Out on Thursday!!!

Okay, we know an awful lot of our readers have had Thursday circled on their calendar for weeks, and in some cases, even months or years, but in case you’ve been under a rock, the generic version of the world’s best-selling drug, Lipitor comes out this week. If you’re one of the millions who have recently contributed to the $10.7 BILLION in revenue Pfizer raked in last year in Lipitor sales, don’t look now, but prices for the cholesterol-buster should be dropping as soon as the end of the week.

In case you’re still skeptical about the generic version of Lipitor which is being released this week or if you’re still nervous about trying a generic drug, here’s some information you may find useful:

What is a Generic Drug?

A generic drug is a legal copy of a brand-name drug whose patent has expired. When a pharmaceutical company develops a new drug, it obtains a patent for that drug. The patent protects the developer’s investment in developing the drug. Once the drug is patented, no one else can legally sell the same drug for 17 years.

Brand name drugs are expensive because when we purchase them, we are paying for the research and development costs, the costs to obtain U.S. Food and Drug Administration (FDA) approval, the marketing costs, and any other costs that the developing pharmaceutical company incurs in bringing the drug to the market. Because a generic drug company is only paying manufacturing costs, generic drugs are virtually always a small fraction of the price of the original brand-name.

So, What Will Be the Difference Between Brand-Name Lipitor and the Generic Version?

The FDA considers generic drugs to be “identical, or bioequivalent, to a brand name drug in dosage form, safety, strength, route of administration, quality, performance characteristics and intended use.” To be a “bioequivalent,” the generic version of Lipitor is required to have the same active ingredients as brand-name Lipitor. However, the inactive ingredients may be different in the generic versions of Lipitor. In addition, trademark laws require that the generic drug version of Lipitor look different than brand name Lipitor, so don’t be surprised if you pick up a generic version of Lipitor and it has a different size, shape, color or taste than the brand name Lipitor that you’re used to.

Are Generic Drugs Safe and Effective?

To assure quality, safety and effectiveness, the FDA puts all generic drugs through a thorough review process, including a review of scientific information about ingredients and performance. In addition, the FDA requires that generic drug manufacturers meet the same manufacturing plan standards as those of brand name drugs.

Despite the FDA’s finding of bioequivalency, some patients have reported reactions to their new medication when switching from brand name to generic or vice versa. These may be due to differences in active ingredients or variations in the amount of active ingredient or the release of the active ingredient in the new drug. Most of these reports have had to do with psychiatric drugs, but if you have any concerns about changes that occur after switching to a generic version of Lipitor, you should contact your doctor immediately!

Are you planning on switching to a generic version of Lipitor? Tell us about it!

Related posts:

  1. Generic Lipitor Will Be Available Next Spring …. In France
  2. Generic Lipitor News: Pfizer Settles Lawsuit Over Generic Lipitor
  3. Generic Lipitor Release Halted in the UK Until May 2012
  4. Generic Drug News: Ranbaxy Still Plans to Sell Generic Lipitor in November
  5. Pfizer Files Lawsuit to Block Low-Cost, Generic Lipitor… When Will Generic Lipitor Hit the Market?

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