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Drug nomenclature is the systematic naming of drugs, especially pharmaceutical drugs.In the majority of circumstances, drugs have 3 types of names: chemical names, the most important of which is the IUPAC name; generic or nonproprietary names, the most important of which are international nonproprietary names (INNs); and trade names, which are brand names. [1]
Pharmacoeconomics refers to the scientific discipline that compares the value of one pharmaceutical drug or drug therapy to another. [ 1 ] [ 2 ] It is a sub-discipline of health economics . A pharmacoeconomic study evaluates the cost (expressed in monetary terms) and effects (expressed in terms of monetary value, efficacy or enhanced quality of ...
The code of ethics issued by the Medical Council of India in 2002 calls for physicians to prescribe drugs by their generic names only. [77] India is a leading country in the world's generic drugs market, with Sun Pharmaceuticals being the largest pharmaceutical company in India. Indian generics companies exported US$17.3 billion worth of drugs ...
When the patents on brand-name medications expire, drugs that are chemical copies can enter the market after a shorter FDA approval process that ensures they’re as safe and effective as the ...
Generic term, a common name used for a range or class of similar things not protected by trademark; Generic trademark, a brand name that has become the generic name for a product or service; Generic name (pharmaceuticals), a nonproprietary name used as an identifier for pharmaceuticals. Naming systems include: International Nonproprietary Name ...
An International Nonproprietary Name (INN) is an official generic and nonproprietary name given to a pharmaceutical substance or an active ingredient, [1] encompassing compounds, peptides and low-molecular-weight proteins (e.g., insulin, hormones, cytokines), as well as complex biological products, such as those used for gene therapy. [2]
Broadly defined as drugs that are marketed under trade names and have patents, [15] which can be a synonym of proprietary drugs in daily use. Strictly speaking, every drug with a trade name is a brand name drug, [16] such as Panadol, a GSK branded paracetamol.
We compared the prices of popular brand name foods with their generic counterpart to identify the exact cost trade-off of choosing name over value. ... View the prices of 10 generic vs. brand name ...