Generic Equivalent definition

Generic Equivalent or "generically equivalent" means a drug that has an identical amount of the same active chemical ingredients in the same dosage form, that meets applicable standards of strength, quality and purity according to the United States pharmacopeia or other nationally recognized compendium and that, if administered in the same amounts, will provide comparable therapeutic effects. Generic equivalent or generically equivalent does not include a drug that is listed by the federal food and drug administration as having unresolved bioequivalence concerns according to the administration's most recent publication of approved drug products with therapeutic equivalence evaluations.
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Generic Equivalent means ***.
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Generic Equivalent means any (i) biosimilar of a Product or (ii) any product with the same active ingredient as a Product.
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Examples of Generic Equivalent in a sentence

  • Prescription Drug copayments*, coinsurance* and deductibles* (*if applicable) apply to the Out-of-Pocket limit.MAC B Pricing (Brand Penalty when Generic Equivalent is available and Provider does not require Brand to be dispensed).

  • Generic Equivalent Rules—Prescriptions for non-formulary brand-name drugs with a generic equivalent will be filled automatically with a generic, and the participant will be charged the lower generic class co-pay.

  • The obligations under this Section 3.1 shall terminate if a Generic Equivalent of a Third Party becomes available in the Territory.

  • If a Generic Equivalent Product is sold commercially in the Territory and then subsequently withdrawn, with no other Generic Equivalent Product being sold commercially in the Territory, then Vertical will, in good faith and without undue delay, once again comply with the foregoing Minimum Promotion Commitment as soon as is it practical to do so.

  • From and after the Effective Date until the earlier of (i) the termination of this Agreement, or (ii) a Generic Equivalent becomes available for sale in the Territory, Distributor shall not, and shall cause its Affiliates and SubDistributors to not, Market a Competing Product, other than a Cipher-supplied Authorized Generic, in the Territory.


More Definitions of Generic Equivalent

Generic Equivalent means a drug that is designated to be therapeutically equivalent, as indicated by the U.S. Food and Drug Administration’s publication Approved Drug Products with Therapeutic Equivalence Evaluations.
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Generic Equivalent means: (a) a pharmaceutical product that has been approved by or submitted for approval to FDA for Marketing in the Territory pursuant to an ANDA or a paper NDA (an application under 21 U.S.C. § 355(b)(2)) as a generic equivalent to any of the NDA Products; or (b) an Authorized Generic.
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Generic Equivalent means a drug that is designated to be
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Generic Equivalent means an A/B rated (as the term is used by the FDA) generic version of the Product.
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Generic Equivalent means a drug that is designated to be therapeutically equivalent, as indicated by the United States food and drug administration's publication titled approved drug products with therapeutic equivalence evaluations.
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Generic Equivalent or "generically equivalent" means a drug that
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Generic Equivalent means any product with the same active ingredient and route of administration as a Licensed Product.
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