• Prescription Drug List A Z

Prescription Drug List A Z

• • • • • • • • • • (updated ) Is an Authorized Generic Drug the Same Thing as a Generic Drug? The term “authorized generic” drug is most commonly used to describe an approved brand name drug that is marketed without the brand name on its label. Other than the fact that it does not have the brand name on its label, it is the exact same drug product as the branded product. An authorized generic may be marketed by the brand name drug company, or another company with the brand company’s permission. In some cases, even though it is the same as the brand name product, a company may choose to sell the authorized generic at a lower cost than the brand name drug. How Is an Authorized Generic Drug Different from what Is Commonly Understood to Be a Generic Drug? A generic drug, as that term is commonly understood and referred to by health care providers and insurers, is a copy of a brand-name drug that is developed and made by a company other than the company that makes the brand-name drug.

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