The term “authorized generic drug” is most commonly used to describe an approved brand name drug that is marketed without the brand name on its label, but which is otherwise the exact same drug product as the branded product. An authorized generic may be marketed by the brand name drug company, or another company with the brand’s permission. In some cases, even though it is the same as the brand name product, a company may choose to sell the authorized generic at a lower cost than the brand name drug.