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Is patent and generic the same?

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Anonymous

12y ago
Updated: 8/20/2019

No, "patent" means that the rights to make an inventive formulation is owned by someone. Generic means that the formulation is free for anyone to make, use, sell or import without a license from any patent holders.

In colloquial terms, "patent medicine" or "patent remedy" also refers to formulations or preparations that may have been marketed as "patented" but were never the subject of any official documentation. let alone exclusive rights. This relates back to "letters patent" issued for bogus medicines to those finding favor with the current king.

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Wiki User

12y ago

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