Common use of Generic Clause in Contracts

Generic. DRUG. means a drug that has the same active ingredient as a Brand Name Drug and is allowed to be produced after the Brand Name Drug's patent has expired. In determining the brand or generic classification for Covered Drugs and corresponding payment level, the Plan utilizes the xx­ xxxxx/brand status assigned by a nationally recognized provider of drug product database information.

Generic. DRUG. means a drug that has the same active ingredient as a Brand Name Drug and is allowed to be produced after the Brand Name Drug's patent has expired. In determining the brand or generic classification for Covered Drugs and corresponding payment level, the Plan utilizes the xx­ xxxxxge- neric/brand status assigned by a nationally recognized provider of drug product database information.