Generic drugs often cost less than brand-name drugs, notes Gary Buehler, director of the FDA's Office of Generic Drugs.
Generic venlafaxine "can bring significant savings to millions of Americans diagnosed with [major depressive disorder]," Buehler says, in an FDA news release.
Generic venlafaxine will come in five doses: 25 milligrams, 37.5 milligrams, 50 milligrams, 75 milligrams, and 100 milligrams. Its maker is Teva Pharmaceuticals USA.
Effexor is made by Wyeth Pharmaceuticals Inc. Wyeth is a WebMD sponsor.
SOURCE: News release, FDA.