generic drug

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generic drug,

a drug sold or prescribed under the nonproprietary name of its active ingredients or under a generally descriptive name rather than under a brand or trade name. The name of the active ingredient is established by a government or international body, and is typically the U.S. Adopted Name, British Approved Name, or International Nonproprietary Name. Generic drugs must contain the same active ingredients that their brand name counterparts do and are tested to assure that they are therapeutically equivalent, but they may contain different inactive ingredients from those found in the brand name medications.

There are generic versions of both over-the-counter and prescription medications, but not all drugs have generic equivalents. Generic drugs can only be produced when a patent on a brand name drug expires or when a patent has never existed. They are generally cheaper than the equivalent brand name drug because of much lower marketing and development costs. Because a generic competitor can hurt a brand name manufacturer's profits, drug companies have used legal action and regulatory delays to slow the introduction of generics, or have paid generic manufacturers to postpone the production and marketing of generics. The Medicare overhaul legislation passed in 2003 contained sections designed to speed the introduction of generic drugs by making it easier to challenge weak or invalid drug patents.

References in periodicals archive ?
If we compare innovative and generic medicines with respect to their quality and safety or health hazard caused by these products, we will note that many major tragedies are caused by the innovators products and not by generics.
66% said that switching from brand to generic medicine will have no effect on the treatment outcome (Table 4).
Keywords: Generic Medicines, Branded Medicines, Jan Aushadhi Scheme (JAS), India
This is totally different ball game in developed country whereby the regulatory bodies such as the United States Food and Drug Administration and the European Medicines Agency play a pivotal role in educating consumers on the benefit of choosing generic medicines via various educational channels.
6] After all, India is one of biggest generic medicine manufacturers country, but in India itself, generic medicines are less prescribed in comparison to branded medicines.
The questionnaire designed for this study comprised 20 questions related to the KAP of generic medicine and about demographic details of the participants.
It was also revealed 80% in Ireland are not concerned with the quality of generic medicine if it is recommended by a pharmacist
Singh commented, "A generic medicine treatment is now available within many of the major therapeutic classes and this is often the 'gold standard' option for specific diseases.
Mr O'Mahony added: "The main reason cited by those who would not accept a generic medicine is their lack of understanding of generic medicines.
Along with promotion of generic medicine there is emergence of counterfeit medicines.
02 Contract Notice: Analgesics & Anaesthetics, Musculoskeletal & Joint Disease Generic Medicine
This generates significant savings, even though the generic medicine share may actually be low.
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