Generic name, drug: The term "generic name" has several meanings as regards drugs:
- The chemical name of a drug.
- A term referring to the chemical makeup of a drug rather than to the advertised brand name under which the drug is sold.
- A term referring to any drug marketed under its chemical name without advertising.
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.