Sunday, August 16, 2009

Brands And Generic Names For Medication

Generic names thus are the technical names for the people related to field of medicine. For end-level consumer, trade names are there to help him/her remember what drug does what.
The trade name is developed by the company requesting approval for the drug and identifies it as the exclusive property of that company. For example, phenytoin is the generic name and Dilantin is a trade name for the same drug. When a drug is under patent protection, the company markets it under its trade name. When the drug becomes off-patent (no longer protected by patent), the company may market its product under either the generic name or the trade name. Other companies may sell the off-patent drug with the approved generic name from the company which holds the rights, and possibly different trade names.