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Glossary of Pharmaceutical Terms and Acronyms

Glossary of Pharmaceutical Terms and Acronyms This Glossary provides brief descriptions of selected Terms and concepts related to the Pharmaceutical industry. It is not intended to be a comprehensive list of relevant Terms or to provide a complete explanation of the included Terms and concepts. AAC: Actual Acquisition Cost. Usually a surveyed pharmacy drug acquisition cost. It is used by some state Medicaid agencies as a basis for reimbursement. aBLA: Abbreviated Biologics License Application. The pathway for FDA approval of biosimilar products. ADR: Adverse Drug Reaction. AMP: Average Manufacturer Price. A statutorily defined average price measure for drug products distributed to the retail class of trade that is used to determine Medicaid rebates and WAMP for generic drugs. It measures prices charged by manufacturers, net of discounts and rebates (excluding certain federal programs).

REMS: Risk Evaluation and Mitigation Strategy. A post-approval monitoring program required by the FDA for certain drugs. Sampling: Practice by which pharmaceutical companies and affiliates provide health care practitioners with free samples of …

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