Definition of Generic name, drug
Generic name, drug: The term "generic name" has several meanings as regards drugs:
"Diazepam" is an example of the chemical (generic) name of a sedative. It is marketed by some companies under its generic name and by other companies under brand names such as Valium or Vazepam.
Generic drugs marketed without brand names are less expensive than brand-name drugs even though they are chemically identical to brand-name drugs and meet U.S. Food and Drug Administration (FDA) standards for safety, purity and effectiveness.
Last Editorial Review: 6/14/2012
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