Generic Drug
/ˈdʒɛnərɪk drʌɡ/
Definitions
- (n.) A medicinal drug product that is bioequivalent to a brand-name drug, marketed after the original patent expires and typically sold at lower cost.
Doctors often prescribe a generic drug to reduce patients’ expenses while ensuring therapeutic effectiveness.
Forms
- generic drug
- generic drugs
Related terms
See also
Commentary
In legal drafting, clearly distinguish generic drugs from branded counterparts based on patent status and bioequivalence to avoid ambiguity in intellectual property and regulatory contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.