Generic drug

Generic drug

When the patent of a brand name medication expires, a generic version of the drug can be produced and sold. Generic versions of a drug must use the same active ingredients as the brand name drug, and it must meet the same quality and safety standards.

Also known as generic.

Source : BIHARI, Michael, MD, former About.com Guide. Generic Drugs, last updated on March 18, 2010 and found on March 5, 2013, at http://healthinsurance.about.com/od/healthinsurancetermsg/g/generic_drugs_definition.htm.

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Part of Speech: noun
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Industry/Domain: Health care
Category: Pharmacy
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