As per Indian household, the term ‘generic’ implies the drug is a cheaper, less effective and duplicate version of the brand name product. In reality, generic drugs are of the same quality and as effective as of the branded medicine.
Are generic medicines safe in India?
Fortunately, the reality is that the generic medicines manufactured in India are as safe and efficacious as those made in the United States. In the past few years, expectations of regulatory organizations around the world have increased.
Is it safe to use generic medicines?
The FDA (U.S. Food and Drug Administration) requires that generic drugs be as safe and effective as brand-name drugs. Actually, generic drugs are only cheaper because the manufacturers have not had the expenses of developing and marketing a new drug.
What is the difference between generic and branded medicine in India?
The term ‘generic’ word in India denotes the medicines which are marketed under a generic name. Then there is another term called ‘Branded generics’, to connote medicines which are now off patent and sold under a brand name by companies, this represents almost all the drugs in the Indian Pharmaceutical market.
Why Generic medicines are not popular in India?
Generic drugs have the same chemical composition as branded drugs. But they are sold under the chemical names which are not familiar with the general public. Popular branded drugs are too expensive. … Many people become concerned because generic drugs are often substantially cheaper than the brand-name versions.
Is branded medicine better than generic?
Pros: Quality: Generic drugs are exact copies of their brand name counterparts. Cost: They are usually much cheaper than branded ones. Availability: Because many manufacturers have access to the ingredients list of a drug, it is more widely available.
Which is better generic or branded medicine?
Generic medications are just as effective as brand-name drugs. According to the FDA, drug makers must prove that generic medications can be substituted for brand-name drugs and offer the same benefits as their brand-name counterparts.
What are the disadvantages of generic medicines?
Cons of generic drugs:
- Patients perceive them as inferior to branded drugs.
- If they’re not co-formulated, higher pill burdens may deter adherence.
- Overall co-payments for a regimen could result in higher costs to patients.
- They may have a different pill size/color when generic suppliers change.
What is the conclusion of generic medicine?
In general, generic medicine gets a unanimous thumbs-up! The only difference between a brand-name and a generic drug are the inactive ingredients (preservatives, colorants and compounds to hold the medicine together).
Do generic drugs work as well as brand-name?
Generic medicines work the same as brand-name medicines
This standard applies to all FDA-approved generic medicines. A generic medicine is the same as a brand-name medicine in dosage, safety, effectiveness, strength, stability, and quality, as well as in the way it is taken and should be used.
Which is the No 1 pharma company in India?
1. Sun Pharmaceutical Industries Ltd
|Revenue||30,091.4 crores INR (US$4.2 billion, 2019)|
|Number of employees||32,000 (2019)|
|Subsidiaries||Ranbaxy Laboratories, Pharmalucence, Inc., etc|
Who approves generic drugs in India?
jointly by Drugs Inspectors of Central Government and State Government to verify the compliance with the conditions of license and the provisions of the Drugs & Cosmetics Act and Rules for not less than once in three years or as needed as per risk based approach.
Who started generic medicines in India?
They offer High-Quality Generic medicines at 30- 90% lower MRP than the branded medicines and progressing towards making Healthcare more affordable.
Why people dont buy generic medicines?
*Generic medicines tend to cost less than their brand-name counterparts because they do not have to repeat animal and clinical (human) studies that were required of the brand-name medicines to demonstrate safety and effectiveness.
Are most generic drugs made in India?
India is the global leader in generic drug production, while China is the world’s largest supplier of active pharmaceutical ingredients (API). India imports nearly 70% of its APIs from China and also depends on them for a variety of other key ingredients in drug production.
Why do doctors not prescribe generic medicine?
The major reason why doctors may not prescribe unbranded generic medicine is the lack of confidence of physician and patients in their quality4. Aggressive promotion of branded generic medicines by the pharmaceutical companies further aggravates the problem.