Which of the following statements regarding generic drugs and name-brand pharmaceuticals is false?
A)Pharmaceutical companies have spent large amounts of time and money in their attempts to reduce competition from generic drugs.
B)Generic drugs have the same chemical content as the corresponding branded drug.
C)On average, a generic drug can reduce U.S. sales of a branded drug by as much as 50 percent in the first six months.
D)Pharmaceutical companies need only to renew the patents they have on certain drugs to protect them from competition by generic drugs.

Question

Quizplus · Accepted Answer

This statement is false. In reality, pharmaceutical companies must not only renew their patents on drugs but also seek FDA approval for any changes or new variations in the drug's formula, limiting the ease with which they can protect their branded drugs from competition.

Which of the Following Statements Regarding Generic Drugs and Name-Brand