Generic Drug Facts and Statistics. In 2010 the use of FDA approved generics saved $158 billion, an average of $3 billion every week. The U.S. FDA requires generic drugs have the same high quality, strength, purity and stability as brand-name drugs. So, Name-Brand or Generic? Ultimately, it comes down to the type of cereal. Our taste test proved that you can swap out many cereals for their generic version, especially if your family doesn’t eat cereal on the regular. But, if your family is already partial to a particular brand, they’ll probably be able to tell the difference in a snap. Cereal Isn't Just for Breakfast. 1 / 40. Taste of. Generic and Brand-Name Formulary Drugs Generic drugs are just as potent, pure, safe, and reliable as brand-name drugs. The Food and Drug Administration (FDA) requires that all generic drugs pass strict testing to prove they are the same. If prescribed a brand-name drug, you'll get a generic substitute unless: There isn't a generic substitute; Express Scripts approves use of the brand-name drug. Generic programming is a style of computer programming in which algorithms are written in terms of types to-be-specified-later that are then instantiated when needed for specific types provided as parameters.This approach, pioneered by the ML programming language in 1973, permits writing common functions or types that differ only in the set of types on which they operate when used, thus. This name is usually too complex for general use. So commonly, an official body assigns a generic name to a drug. The generic names for drugs of a particular type generally have the same ending. The brand name is selected by manufacturer or distributor of the drug. It is usually shorter and easier to remember than the generic name. Generic drugs can look quite different than their brand-name counterparts, despite having the same active ingredient, strength, uses, form, route of administration, and labeling. We asked pharmacist Tattika Soreta, pharmacy program coordinator, to share answers to these and other common questions about generic vs. name-brand drugs. While brand name drug refers to the name giving by the producing company, generic drug refers to a drug produced after the active ingredient of the brand name drug. Generic drugs will, however, be sold under different brand names, but will contain the same active ingredients as the brand-name drug. But with regards to the effectiveness of the drugs, generic drugs have the same quality active. Generic medicines cost less than brand-name medicines. Generic medicines tend to cost less than their brand-name counterparts because they do not have to repeat animal and clinical (human) studies. generic definition: 1. shared by, typical of, or relating to a whole group of similar things, rather than to any…. Learn more. Generic brands of consumer products (often supermarket goods) are distinguished by the absence of a brand name, instead identified solely by product characteristics and identified by plain, usually black-and-white packaging.Generally they imitate more expensive branded products, competing on price. They are similar to store brand or private label products sold under a brand particular to.