Generic Drug definition

Generic Drug means any Prescription Drug approved by the FDA that has the same bio-equivalency as a specific Brand Name Drug.

Generic Drug means a chemically equivalent copy of a brand-name drug with an expired patent.

Generic Drug means a prescription drug approved by the Food and Drug Administration (FDA) that is produced and distributed without patent protection and contains the same active ingredient as the Brand Name Drug.

Examples of Generic Drug in a sentence

• Exceptions to this provision may be allowed for certain preventive medications (including prescription contraceptive medications) if the Member’s health care provider submits a request to The Plan indicating that the Generic Drug would be medically inappropriate, along with supporting documentation.

• Notwithstanding the foregoing, Retail Pharmacies and Mail Service Pharmacies for each Generic Drug dispensed are authorized to charge and collect from PBM Participants the lessor of: (i) the applicable cost-share, (ii) U&C, (iii) the MAC price, or (iv) the discount rate.

• The availability of a Generic Drug may allow the Member to obtain a drug at a potentially lower out of pocket cost.

• In order for this request to be reviewed, the Member’s provider must submit a MedWatch form to the FDA to notify the FDA of the issues experienced by the Member with the Generic Drug equivalent.

• If a Generic Drug equivalent becomes available during the period of coverage for this policy, it may be added to the Drug List maintained by and available to the Member on the Blue Cross and Blue Shield of Montana website and the Pharmacy Benefit Manager’s website.

More Definitions of Generic Drug

Generic Drug means a prescription drug approved under 21 U.S.C. § 355(j).

Generic Drug means a drug for which an application is approved under the Federal Food, Drug, and Cosmetic Act Section 505(j).

Generic Drug means a prescription drug approved under 21 U.S.C. § 355(j) or 42 U.S.C. 262(k).

Generic Drug means drugs not protected by a trademark, usually descriptive of drug’s chemical structure.

Generic Drug means a drug listed by generic name and considered to be chemically and therapeutically equivalent to a drug listed by brand name, as both names are identified in the most recent edition of or supplement to the federal U.S. Food and Drug Administration’s “Orange Book” of approved drug products; Approved Drug Products with Therapeutic Equivalence Evaluations (the Orange Book).

Generic Drug means a Prescription Drug that is marketed or distributed pursuant to:

Generic Drug means a drug that is chemically equivalent to a brand name drug for which the patent has expired.