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 ?
1239/Menkes/SK/XI issued in November 2004, the government reduced the prices of 29 types of generic medicines by 10%-50%.
Generic medicines help make healthcare affordable, and we consider that practices aimed at stifling fair competition are unlawful.
In the production of medicines with single basic material such as generic medicines, a factory uses only simple equipment as the basic materials need no processing.
The European Generic Medicines Association claims generic medication is between 20% to 90% cheaper.
Considering that production standards and manufacturing costs for both original and generic medicines were similar, these findings were 'highly significant' says Frittelli.
However, through the scheme of free generic medicine supply, the number of patients visiting the government hospitals has increased by 50 per cent.
Its retail medicine networks in AIIMS New Delhi and Haryana, provides 147 generic medicines.
Instructions have been issued to all the central health institutions to prescribe generic medicines which are usually economical than the branded drugs.
Once that's done punters are part of the scheme and can buy generic medicine and save cash.
4m at North Wales-based CP Pharmaceuticals last year because of problems associated with the market in the UK for generic medicines.
WTO against Brazil, which has shown that through improvements in its health care system, combined with the provision of generic medicines, it is possible to halve the mortality rate of people with AIDS, for allowing the national production of generic medicines,
Important factors that could cause or contribute to such differences include risks relating to: our ability to develop and commercialize additional pharmaceutical products, competition from the introduction of competing generic equivalents and due to increased governmental pricing pressures, the effects of competition on sales of our innovative medicines, especially Copaxone([R]) (including competition from innovative orally-administered alternatives as well as from potential generic equivalents), potential liability for sales of generic medicines prior to a final resolution of outstanding patent litigation, including that relating to our generic version of Protonix([R]), the extent to which we may obtain U.
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