Definitions for "Brand Name Drug"
a single source, FDA approved drug manufactured by one company for which there is no FDA approved substitute.
a drug protected by a patent issued to the original innovator or marketer. The patent prohibits the manufacture of the drug by other companies as long as the patent remains in effect. apitation — a set amount of money received or paid out to a health provider. It is based on membership rather than on the medical services delivered and usually is expressed in units of per member per month.
a Prescription Drug manufactured by one company. A Preferred Brand Name Drug is one preferred for use by the Prescription Benefit Manager and is normally less expensive than an equivalent Non-Preferred Brand Name Drug.