For Generic Drug we have terms and definitions in 6 topics. The topics are Clinical Trials, Dieting, Employee Benefits, Health Insurance, Medical and Weight Loss.

Generic Drug (Clinical Trials)

A medicinal product with the same active ingredient, but not necessarily the same inactive ingredients as a brand-name drug. A generic drug may only be marketed after the original drug's patent has expired.

Generic Drug (Dieting)

A drug whose patent has expired thus enabling it to be manufactured by any company. Phentermine is an example of a Generic Drug.

Generic Drug (Employee Benefits)

A prescription drug that is chemically equivalent to a brand-name product with an expired patent, dispensed under its generic chemical name. Generally less expensive than branded products, pharmacy benefit plans often measure the success of cost-cutting techniques by monitoring substitution of generics for brand names ("generic fill rate").

Generic Drug (Health Insurance)

A "twin" to a "brand name drug" once the brand name company's patent has run out and other drug companies are allowed to sell a duplicate of the original. Generic drugs are cheaper, and most prescription and health plans reward clients for choosing generics.

Generic Drug (Medical)

A drug marketed under its chemical name, instead of a brand name

Generic Drug (Weight Loss)

A drug whose patent has expired thus enabling it to be manufactured by any company

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