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drug, generic

   Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia 0.03 sec.

drug, generic

Any non-branded drug that has the identical effect of a branded product. Generic drugs are cheaper than their branded equivalents. Usually generic drugs are produced when the patent on a branded drug has expired.



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? Mentioned in ? References in periodicals archive
 
A decade ago it was not uncommon for employees to pay only a single $5 co-pay to get any type of prescription drug, generic or brand name.
6 session into many crucial challenges facing brand drug, generic and biotech firms.
 
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