Common use of Approval of Generic Clause in Contracts

Approval of Generic. If during the duration of this Agreement a generic equivalent of any Competitive Product should become available and no federal Upper Limit is established, the Department will allow Covered Product to remain on the Preferred Drug List so long as the net cost to the Department, as defined in Attachment B, is not more than the lowest reimbursement cost for a generic equivalent.

Approval of Generic. If during the duration of this Agreement a generic equivalent of any Competitive Product should become available and no federal Upper Limit is establishedavailable, the Department State will allow Covered Product Product(s) to remain on the Preferred Drug List so long as the net cost to the DepartmentState, as defined in Attachment B, is not more than the lowest reimbursement cost for a generic equivalent.