Proprietary
Proprietary
Proprietary (pronunciation: /prəˈprʌɪ.ɪ.tɛr.i/) is a term used in various fields, including law, business, and medicine. It originates from the Latin word "proprietas", meaning "property". In the medical field, it often refers to proprietary drugs, which are medications that are owned and marketed under a trademark by a specific company.
Definition
In the context of medicine, a proprietary drug or product is one that is owned by a company and marketed under a trademarked brand name. This is in contrast to generic drugs, which are equivalent to a brand-name product in dosage, strength, route of administration, quality, performance, and intended use, but do not carry a brand name.
Usage
Proprietary drugs are often more expensive than their generic counterparts due to the costs associated with research and development, marketing, and patent protection. However, they may also offer benefits such as improved formulation or delivery mechanisms, which can enhance patient compliance and treatment outcomes.
Related Terms
- Brand-name drug: A drug sold by a pharmaceutical company under a trademark-protected name.
- Generic drug: A medication that is equivalent to a brand-name product in dosage, strength, route of administration, quality, performance, and intended use, but does not carry a brand name.
- Patent: A government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.
- Trademark: A symbol, word, or words legally registered or established by use as representing a company or product.
External links
- Medical encyclopedia article on Proprietary
- Wikipedia's article - Proprietary
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