This document discusses brand name drugs and generic drugs. It provides definitions and examples to compare the two. Brand name drugs are invented by pharmaceutical companies, while generic drugs have the same active ingredients but can differ in inactive ingredients and formulation. Generic drugs are approved through an Abbreviated New Drug Application to the FDA which requires bioequivalence testing. The document outlines the FDA approval process and regulations for both brand name and generic drugs to be equivalent in quality, safety and efficacy. It also discusses factors like research costs that contribute to higher prices of brand name drugs compared to generics.