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Generic: Niacin (Vitamin B3) Brand: Niacor NIACIN (NYE a sin) is used in combination with a healthy diet to lower 'bad' cholesterol and increase 'good' cholesterol. This medicine is also used to decrease triglycerides. If triglycerides are too high, you may be at risk of developing pancreatitis. This is a painful condition that causes inflammation of the pancreas and can lead to serious health problems.