Generic drugs, also known as generics, are considered as a category of medicine which were formulated and sold without patent or brand name. These pills are essentially equivalent to their branded counterparts. It is said that generics are identical to branded drugs in composition, effectiveness, safety, dosage and method of administration. The biggest difference of generics from branded is that generics are cheaper. As a matter of fact, generic medication, as well as those which were given approval by the Food and Drug Administration, cost 70% cheaper on average. The US Congressional Budget...