Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
L
- Lifecycle PricingLifecycle Price Management, Life-Cycle Pricing Strategy
- The strategy governing how a treatment's price is managed over its entire market life, from launch through patent expiry and generic competition.
P
- Patent Cliff ManagementCliff Mitigation, Loss-of-Exclusivity Planning
- A manufacturer's strategic planning to manage expected revenue decline following patent expiry and generic competition for a key product.
- Patent ExpiryPatent Expiration, Loss of Exclusivity
- The date on which a patent's legal protection ends, after which competitors are generally free to market equivalent products without infringement.