A brand name drug is a medication sold by a drug company under a specific trademark or name that is patent protected. The patent prevents other companies from producing and selling the drug. However, once the patent expires, other companies can produce similar drugs, which is why there are brand name and generic drugs.
For example, Lopressor is the brand name for a hypertension drug, while Metoprolol is a generic version.
Brand name drugs are typically more expensive than generic drugs, with cash prices and insurance copays that are often higher. This is often because brand name drugs have higher initial costs to develop, market, and sell the brand new drug.
Some examples of brand name drugs, with their active ingredient in parenthesis, include:
- Lipitor (atorvastatin)
- Amoxil (amoxicillin)
- Synthroid (levothyroxine)
- Glucophage (metformin)
- Prilosec (omeprazole)