L3 - Brands and Generics

• Medicinal product


  A drug in a dosage form suitable for administration to the public
• Excipient


  All components of a formulation other than the active drug
• Formulation


  APIs + excipients
• Brand name

  - Registered name given by the pharmaceutical R&D company- New medicines marketed under a registered brand name
• Chemical name


  Name for API decided by an expert committee
• Trademark


  Any word, name, symbol, or design used to identify and distinguish goods
• Patent


  Exclusive right granted to a company to produce and sell a medicine- Help to protect drugs- Help the company regain production costs- 20-25 years: takes 10-15 to develop, file an application and obtain MA (marketing authorisation)
• Pharmacogenomics


  The study of how genes affect a person's response to drugs
• Generic drug


  A drug that is bioequivalent to a leading brand name (pharmacokinetic and pharmacodynamic properties)
• Biosimilars


  Copies of complex biological medicines