A proprietary drug is a medicine that is exclusively owned by a specific company or manufacturer and cannot be obtained as a generic version. It can only be purchased under its brand name. On the other hand, proprietary function refers to actions carried out by a municipality for its own benefit rather than for the public at large. These activities may involve generating revenue or profit for the municipality. In certain states, municipalities can be held responsible for any harm caused by their proprietary functions. In summary, the term proprietary pertains to something that is owned or controlled by a particular entity, whether it is a drug or a function performed by a municipality.
A proprietary drug refers to a medication that is exclusively manufactured and marketed by a particular company using a specific brand name. These drugs are safeguarded by patents, which prevent other companies from producing or selling the same medication under the same name. Pfizer manufactures Advil, a proprietary drug used for pain relief and fever reduction. Advil is solely available under the Advil brand name. While other companies can produce generic versions of the drug, they must use a different name. This example demonstrates the concept of a proprietary drug as a medication owned and sold by a specific company under a brand name. It also highlights how patents protect these drugs from being replicated by other companies.
A proprietary drug is a medication that is protected by a patent, meaning it is exclusively manufactured and sold by a specific pharmaceutical company.
In most cases, a patent for a proprietary drug lasts for 20 years from the date of filing. However, this can vary depending on certain circumstances and extensions granted by regulatory authorities.
No, other companies cannot produce generic versions of a proprietary drug until the patent expires. Once the patent expires, other manufacturers can produce and sell generic versions, which are usually more affordable.
Yes, a pharmaceutical company can sell a proprietary drug under a different brand name, known as a trade name or a brand name. This allows them to market the drug differently or target specific demographics.
Yes, a proprietary drug can be prescribed for off-label use, which means using it for a condition or purpose not specifically approved by regulatory authorities. However, it is at the discretion of the prescribing healthcare professional.
Importing a proprietary drug from another country can be subject to various regulations and restrictions. It is important to consult with local authorities and comply with importation laws to ensure legality and safety.
Yes, a proprietary drug can be recalled if it is found to have defects, pose health risks, or if there are concerns about its safety or efficacy. Recalls are typically initiated by the pharmaceutical company or mandated by regulatory authorities.
Yes, proprietary drugs are often used in clinical trials to evaluate their safety and effectiveness for specific indications. These trials are conducted under strict ethical guidelines and regulatory oversight.
Yes, a pharmaceutical company can seek patent protection for a proprietary drug in multiple countries. This allows them to have exclusive rights to manufacture and sell the drug in those jurisdictions.
Yes, proprietary drugs can be subject to legal disputes, such as patent infringement cases or challenges to their safety or efficacy. These disputes are typically resolved through litigation or settlement negotiations.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 16th April 2024.
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