Have you ever wondered what the difference is between name brand medications and their generic counterparts? As is the case in human pharmaceuticals, generic medications for your furry loved ones are rigorously tested and approved by the Food & Drug Administration (FDA). The added benefit of generic medication for dogs is that they are generally much more affordable. Let’s take a more in-depth look at how generic medications can help you, your dog, and your wallet.
Why Generic Pets Meds are so Popular
Generics medications are popular because they positively impact a variety of industry stakeholders, consumers, and of course, your pets. Over 77% of dogs alone have been treated with some form or another of medication while 83% of dog owners have made a visit to the veterinarian, according to the American Veterinary Medical Association. Additionally, year over year spending in the United States on veterinary care and medications has risen to a total of more than $35 billion. That’s big business for industry stakeholders.
Moreover, despite spending more money on veterinarian care and medication for their dogs, only 10% of dog owners have pet insurance. We all want the best for our pets but often face financial limitations when providing care. Generic medications make the decision to provide needed healthcare for your pets much easier. Fortunately, these generic versions of popular pet medications are on the rise and will save pet owners significant sums of money.
Generic Pet Medications are FDA Approved
In addition to being cost effective, generic medications have been approved by the FDA to be just as safe and effective as its more expensive name brand counterparts. While some medications can cost hundreds of dollars, generic versions are expected to be much more affordable overall. In fact, Dr. Dale Paley, DVM, ABVP (Canines and Felines) has already gone on record stating “I would often prescribe the generic equivalent as there can be significant cost savings to our clients”.
Generic Anti-Anxiety Medication: Clomipramine Hydrochloride Tablets
Despite the promise of generic medications within the pet industry, you may be surprised to learn that 86% of animal drugs don’t have generic versions. Fortunately, a new generic medication has been launched that treats one of the most common issues in dogs: separation anxiety. Whereas up to 40% of dogs suffering from behavioral issues are diagnosed with separation anxiety, Mizner Bioscience has developed clomipramine hydrochloride tablets, a generic version of Elanco’s Clomicalm®. And with approval from the FDA, pet owners can be confident that they are just as safe and effective while being more cost effective. Remember the expression “You get what you pay for”? Well in some cases, you’re simply just paying more.
Generic Pet Medications & the Future of the Pet Pharmaceutical Industry
Ultimately, the promise of generic pet medications to the industry is significant. If veterinarians can prescribe more medications due to lower costs, more dogs can be treated and live happier and healthier lives with their owners. “We are excited to launch our first of many generic drugs for the animal space.”, says Mizner Bioscience CEO Bob Edwards. “Generics drugs have been part of the human health system for decades, helping to lower the cost of treatment significantly. FDA approved generic alternatives offer animal health professionals alternatives to costly medications making it more affordable for pet parents.”