Able Laboratories (ABRX)

[TechKim]

Words of the drug trade

Patent - the right to exclude others from making, using, offering for sale, or selling.

Exclusivity - exclusive marketing rights granted by the Food and Drug Administration (FDA) upon approval of a drug.

Bioequivalent - The active ingredients in a generic drug must be absorbed at a similar rate and in a similar amount as the brand name drug. The generic does not have to act exactly the same as the brand name drug, but it does have to fall within certain guidelines set by the FDA. These guidelines may vary from drug to drug.

Generic Drug - Generic drugs must have the same active ingredients as the name brand, but the inactive ingredients could be different. Inactive ingredients may include colors, preservatives, or other fillers. However, just because a generic has the same inactive ingredients it is not automatically considered a generic equivalent.