Common use of Generic Clause in Contracts

Generic. DRUG. means a drug that has the same active ingredient as a Brand Name Drug and is allowed to be produced after the Brand Name Drug's patent has expired. In determining the brand or generic classification for Covered Drugs and corresponding payment level, the Plan utilizes the ▇▇­ ▇▇▇▇▇/brand status assigned by a nationally recognized provider of drug product database information.

Appears in 6 contracts

Sources: Health Care Benefit Program, Health Care Benefit Program, Health Care Benefit Program

Generic. DRUG. means a drug that has the same active ingredient as a Brand Name Drug and is allowed to be produced after the Brand Name Drug's patent has expired. In determining the brand or generic classification for Covered Drugs and corresponding payment level, the Plan utilizes the ▇▇­ ▇▇▇▇▇/brand ge- neric/brand status assigned by a nationally recognized provider of drug product database information.

Appears in 2 contracts

Sources: Health Care Benefit Program, Health Care Benefit Program