GENERIC NAME: carvedilol. BRAND NAME: Coreg, Coreg CR. DRUG CLASS AND MECHANISM: Carvedilol is used for treating high blood pressure and congestive heart failure. It is related to labetalol (Normodyne, Trandate). Carvedilol blocks receptors of the adrenergic nervous system, the system of nerves in which adrenalin (epinephrine) is active.