Understanding Innovator Multiple Source Drug: A Legal Overview
Definition & Meaning
The term innovator multiple source drug refers to a type of medication that is available from multiple manufacturers but was initially developed and marketed under a specific new drug application approved by the Food and Drug Administration (FDA). These drugs are often known as generic drugs and include all covered outpatient drugs that received approval through various FDA processes, such as New Drug Applications (NDA) or Product License Approvals (PLA).
Legal Use & context
This term is primarily used in the context of pharmaceutical law and healthcare regulations. It is relevant to areas such as:
- Healthcare compliance
- Pharmaceutical regulations
- Medicare and Medicaid reimbursement
Understanding this term is essential for healthcare providers, pharmacists, and legal professionals working with drug approval processes and reimbursement claims. Users can manage related forms and procedures using resources like US Legal Forms, which offers templates drafted by legal experts.
Real-world examples
Here are a couple of examples of abatement:
Here are two examples of innovator multiple source drugs:
- Amoxicillin: Initially marketed as a brand-name drug, it is now available as a generic from various manufacturers.
- Atorvastatin: Originally sold under the brand name Lipitor, this medication is now available as a multiple source drug.
Relevant laws & statutes
Key laws related to innovator multiple source drugs include:
- Food, Drug, and Cosmetic Act (FDCA)
- Medicaid Drug Rebate Program regulations