15:20
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LSDefine
Simple English definitions for legal terms
proprietary drug
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A quick definition of proprietary drug:
A proprietary drug is a type of medicine that is owned by a specific company or manufacturer. It is not available as a generic version and can only be purchased under the brand name.
Proprietary function, on the other hand, refers to actions taken by a municipality that are done for the benefit of the municipality itself, rather than for the general public. This can include activities that generate revenue or profit for the municipality. In some states, municipalities can be held liable for any harm caused by their proprietary functions.
Overall, proprietary refers to something that is owned or controlled by a specific entity, whether it be a drug or a function performed by a municipality.
A more thorough explanation:
A proprietary drug is a type of medication that is manufactured and sold by a specific company under a brand name. These drugs are protected by patents, which means that other companies cannot produce or sell the same medication under the same name.
Advil is a proprietary drug that is used to relieve pain and reduce fever. It is manufactured by Pfizer and is only available under the Advil brand name. Other companies can produce generic versions of the same drug, but they must use a different name.
This example illustrates how a proprietary drug is a medication that is owned and sold by a specific company under a brand name. It also shows how patents protect these drugs from being copied by other companies.