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A generic drug meets the same stringent performance and bioequivalence standards set by the U.S. government as the brand name drug. Each generic drug is laboratory-tested to ensure that the same amount of drug will be absorbed into the bloodstream as with the brand-name drug. Since 1984 no generic drug has been approved in the U.S. unless it has been shown to have the same rate and amount of active drug absorbed as the brand-name drug.
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Of the top 10 prescription drugs sold in 2007, nine were generics. In fact, the top prescription sold in 2007 was the generic version of Cialis and Viagra. The American public spent over $286 billion on prescription drugs in 2007. With the price of generic drugs averaging 30 to 80 percent less than the cost of brand-name drugs, the American public can save billions of dollars by using generic drugs. Overall, these savings can help control the cost of health care in the U.S. without reducing the quality offered to patients.
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