generic drug

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generic drug

Generic equivalent Pharmacology A drug that is no longer under patent protection, which may be produced by any manufacturer who follows good manufacturing protocols. See Drug monograph, 'Me too' drug.
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.

ge·ner·ic drug

(jĕ-ner'ik drŭg)
A medicine distributed under its generic (nonproprietary) name.
Medical Dictionary for the Health Professions and Nursing © Farlex 2012

generic drug

A drug sold under the official medical name of the basic active substance. The generic name is chosen by the Nomenclature Committee of the British Pharmacopoeia Commission and is used in publications such a the British National Formulary . Doctors are encouraged to prescribe generic drugs as these are generally cheaper than the same drug under a trade or brand name.
Collins Dictionary of Medicine © Robert M. Youngson 2004, 2005

Patient discussion about generic drug

Q. When will a generic brand of insulin be available? The cost of insulin seems to be way too high... And with the ever rising population of diabetics, you'd think some other companies would jump unto the bandwagon with a cheaper insulin... what's up with that?

A. Unfortunately, as long as Eli Lilly has an effective monopoly on the American market and docs continue to perscribe the latest "flavor" of insulin, the situation is unlikely to change. Personally, I refuse to use Lilly's products (use Novo Nordisk insulin instead) and am still using the regular and NPH I was using 20 years ago... Also, because Type I diabetes tends to affect children, parents are naturally always seeking the next new thing. Doesn't make for an environment conducive to cheaper alternatives, which is a real shame for us all.

More discussions about generic drug
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References in periodicals archive ?
Following introductions of generic versions of several large-volume drugs, generics boosted their share of the network's prescription sales to 57.2% during the quarter from 53.2% a year ago.
Far less expensive to produce than the initial drugs, generics are often made by the very same companies that produced the original drug.
CP has four key businesses consisting of a branded portfolio of hospital drugs, generics, contract manufacturing and exports.
With Medicare Part D taking hold, blockbuster drugs going off patent and a rapidly growing elderly population depending on prescription drugs, generics are poised to account for more than two in three scripts in the U.S.
To calculate the market size, the report considers revenue generated from the sales of branded drugs, generics, and biosimilars used to treat solid tumors.
"While I understand the importance of reviewing and approving new, breakthrough drugs, generics bring a big bang for the buck."
With today's prescription drugs, generics companies must demonstrate that their products have the same chemicals and act in the body the same ways as do their brand name equivalents.
And that predicament helps explain why, despite growing apprehension in private and public circles over the escalating price of prescription drugs, generics -- which can cost as much as 80% less than some branded products -- account for only a little over 40% of all the prescriptions that are dispensed.