Term: Generic Drugs

Glossary Definition

Last Updated: 2005-11-24

Definition:

Chemically equivalent competitors of brand name pharmaceuticals, which often enter the market following the expiry of patents held on the brand name product. These drugs typically cost less than the brand name products.

Related terms 

• Generic Substitution Policies

References 

• Morgan SG, Kozyrskyj A, Metge C, Roos NP. Pharmaceuticals: Therapeutic interchange and pricing policies. Winnipeg, MB: Manitoba Centre for Health Policy, 2003. [Report] [Summary] (View)

Term used in 

• Kozyrskyj A, Raymond C, Dahl M, Ekuma O, Schultz J, Sklepowich M, Bond R. Effects of Manitoba Pharmacare Formulary Policy on Utilization of Prescription Medications. Winnipeg, MB: Manitoba Centre for Health Policy, 2009. [Report] [Summary] (View)