Apr 28, - Diazepam is the generic name for Valium, a prescription drug doctors heart problems, seizures, alcohol or drug abuse, and depression. Jul 8, - Valium is a drug with a long track record in treating anxiety and many other The drug, which is also sold under the generic name diazepam, works by actually slowing disorder, and; Prozac (fluoxetine), used for depression. Common side effects are headache, nausea, and vomiting. Valium has many drug interactions. Is Valium (diazepam) available as a generic drug? Yes . Depression Tips: Exercise, Diet, Stress Reduction, and More in Pictures. The right.