Innovator Drug Definition
Innovator Drug – the first DRUGcontaining its specific active ingredients to receive approval for use from the US Food and Drug Administration (FDA). An innovator drug’s patent protects the drug from market competition, giving its manufacturer exclusive right to produce and sell the drug.
The innovator drug’s manufacturer generally has invested significant time and money in the drug’s development, testing, and approval process. Only when the patent expires may competing pharmaceutical manufacturers produce and market a generic version of the innovator drug.