Frequently Asked Questions
The Basics
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Is filling prescriptions in my office disruptive |
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How do patients react? |
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Why would a physician use QuiqMeds rather than buying drugs directly? |
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What can an average Family Practice Office expect to earn per year? |
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What are GENERIC Drugs? |
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Are the prescription medications I get in the office the same as I would get in a pharmacy? |
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| Are Generic Drugs as safe as Brand-Name Drugs? Yes. The FDA requires that all drugs be safe and effective. Since generics use the same active ingredients and are shown to work the same way in the body, they have the same risks and benefits as their brand-name counterparts. |
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| Are Generic Drugs as strong as Brand-Name Drugs? Yes. The FDA requires generic and brand-name drugs to have the same quality, strength, purity and stability. |
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| Do Generic Drugs take longer to work in the body than Brand-Name Drugs? No. Generic drugs work in the same way and in the same amount of time as brand-name drugs. |
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| Why are Generic Drugs less expensive than Brand-Name Drugs? Generic drugs are less expensive because generic manufacturers don’t have the investment costs of the developer of a new drug. New drugs are developed under patent protection. The patent protects the investment—including research, development, marketing, and promotion—by giving the company the sole right to sell the drug while it is in effect. As patents near expiration, manufacturers can apply to the FDA to sell generic versions. Because those manufacturers don’t have the same development costs, they can sell their product at substantial discounts. Also, once generic drugs are approved, there is greater competition, which keeps the price down. Today, more than half of all prescriptions are filled with generic drugs. |
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| Are Brand-Name Drugs made in more modern facilities than Generic Drugs? No. Both brand name and generic drug facilities must meet the same standards of good manufacturing practices. The FDA won’t permit drugs to be made in substandard facilities. The FDA conducts about 3,500 inspections a year to ensure standards are met. Generic firms have facilities comparable to those of brand-name firms. In fact, brand-name firms are linked to an estimated 50 percent of generic drug production. They frequently make copies of their own or other brand name drugs but sell them without the brand name. |
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| If Brand-Name Drugs and Generic Drugs have the same active ingredients, why do they look different? In the United States, trademark laws do not allow a generic drug to look exactly like the brand-name drug. However, a generic drug must duplicate the active ingredient. Colors, flavors, and certain other inactive ingredients may be different. |
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| Does every Brand-Name Drug have a Generic counterpart? No. Brand-name drugs are generally given patent protection for 20 years from the date of submission of the patent. This provides protection for the innovator who laid out the initial costs (including research, development, and marketing expenses) to develop the new drug. However, when the patent expires, other drug companies can introduce competitive generic versions, but only after they have been thoroughly tested by the manufacturer and approved by the FDA. |
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