Pharmacopeia VS Formulary

The difference between Pharmacopeia and Formulary is given below:

Pharmacopeia	Formulary
A pharmacopeia is a legally binding collecction, prepared by a national or regional authority of standards and quality specifications for medicines used in that country or region.	A formulary is a list of approved drugs and their usages within a healthcare system.
Pharmacopeias are used by pharmacists, drug manufacturers, regulatory authorities, quality control laboratories.	Formularies are used by the healthcare practitioners such as doctors, nurses, pharmacists.
Contain specific drug standards including ingredients, dosages form, methods of preparations, testing methods.	Contain list of approved drugs, indications, dose, dosage form, administration guidelines.
They are very extensive.	They are published in the form of booklet.
They ensure quality, purity, strength of drugs and facilitate their international trade.	They provide guidelines for prescribing, dispensing and administering medications.
Pharmacopeias are usually internationally recognized.	Formularies are usually used within a particular healthcare system.
Pharmacopeias are often used as legal standards.	Formularies typically do not have legal authority but they influences drug selection within a system.
Typically published by pharmacopeial authorities.	Created and maintained by healthcare organizations (BMA, DGDA, PCB) or healthcare institutions.

Pharmacopeia:

A pharmacopeia is a legally binding collecction, prepared by a national or regional authority of standards and quality specifications for medicines used in that country or region. Pharmacopoeia is also spelled pharmacopeia.

Pharmacopoeia- British spelling

Pharmacopeia- American spelling

The primary function of a pharmacopoeia is to describe the formulation of each drug on the selected list. They also contain ingredients, dosages form, testing methods etc. The provisions of the pharmacopoeia are binding upon all who produce drugs and who dispense them. It is important for drug manufacturers, regulatory agencies and pharmacists. Pharmacopeias are often used as legal standards. Usually doctors don't read this. Examples of pharmacopoeias include the United States Pharmacopeia (USP), the British Pharmacopoeia (BP), and the European Pharmacopoeia (Ph. Eur.).

Formulary:

A formulary is a list of medications that are approved for use within a specific healthcare system, such as a hospital or insurance plan. It is used by the healthcare practitioners such as doctors, nurses, pharmacists. Formularies contain list of approved drugs, indications, dose, dosage form, administration guidelines. They are published in the form of booklet. They provide guidelines for prescribing, dispensing and administering medications. Formularies are often used to help control healthcare costs by promoting the use of lower-cost, generic medications.