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Generic Drugs definition

Generic Drugs means a Prescription Drug that has the same active ingredients as an equivalent Brand Name Drug, does not carry any drug manufacturer’s brand name on the label, and is not protected by a patent. It must be listed as a generic drug by the United States national drug data bank.
Generic Drugs means any product containing compound that (i) is defined in a particular country in the Territory as a generic drug to the Compound by applicable legal texts or governing health authorities in such country, or (ii) can be substituted for the Compound by a pharmacy, other than a product introduced in such country by INDEVUS, its Affiliates or INDEVUS Sublicensees.
Generic Drugs means non-brand drugs (including specialty drugs and therapeutic biological products), sold at a lower cost than the equivalent brand. A generic drug is the therapeutic equivalent of a brand name drug, i.e., it contains the same active ingredients and is identical in strength, concentration, and dosage form.

Examples of Generic Drugs in a sentence

  • A closed formulary means that selected Brand-Name Drugs, Generic Drugs, and Specialty Drugs when listed on the formulary are covered.

  • First‐ line Prescription Drugs and Specialty Medications are usually Generic Drugs.

  • Generic Drugs and Brand-Name Drugs may be subject to different Coinsurance Amounts.

  • The Office of Generic Drugs should be advised of any change in the marketing status of this drug.

  • Generic Drugs are identified on the Essential Drug Formulary, which can be found at bcbst.com/Rx or by calling the Member Service number on the back of Your Member ID card.


More Definitions of Generic Drugs

Generic Drugs means any product containing Compound for which Registration is obtained by an abbreviated NDA (“ANDA”) or other abridged procedure in the United States or a corresponding application in any country of the LICENSEE Territory, other than a Product introduced in such country by LICENSEE, its Affiliates or its sublicensees.
Generic Drugs means a drug that, in comparison with an Innovative Drug, contains identical amounts of the identical medicinal ingredients, in comparable dosage forms, but does not necessarily contain the same non- medicinal ingredients and which is interchangeable with the said Innovative Drug.
Generic Drugs means products submitted or approved pursuant to an ANDA or Section 505(b)(2) of the FDCA (and any applicable foreign marketing authorizations) which are marketed or in development to be marketed as generic products.
Generic Drugs means any product containing Compound for which Regulatory Approval for the same indication(s) as that of the Product is obtained by ANDA in the United States or a corresponding application in any country other than United States in the MN Territory; in each case other than a product introduced in such country by MN, its Affiliates or sublicensees.
Generic Drugs means Drugs or substances which:
Generic Drugs means all drugs that are not defined as “Brand Drugs.”
Generic Drugs means any pharmaceutical composition containing the same Compound as contained in Product Sold by MN, an MN Affiliate and/or an MN Sublicensee, in each case other than Product introduced in such country or jurisdiction by MN, an MN Affiliate and/or an MN Sublicensee.