Question: 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.

Is generic medicine good in India?

Parallely, India’s pharmaceutical market is worth almost Rs 1 lakh crore, of which 90% is owned by branded products. Generic drugs are typically 30-80% cheaper than the original versions. The advocates of generic drugs have claimed that they are as effective as their branded counterparts.

Which one is better out of generic and branded medicines?

Cost is one of the main reasons a generic is the better choice. Generic medications are a lot less expensive than their brand counterpart. Data indicates the use of low-cost generics improves health outcomes, and one reason is people taking generics are more likely to take their prescribed medications.

Does generic medicine work the same in India?

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. … The conducted studies show that both branded and generic medicines are bio-equivalent.

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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.

Is generic medicine harmful?

Patients there may be getting generics with substandard active and inactive ingredients, that are not clinically equivalent to the brand, have toxic impurities or foreign matter in them, such as metallic and glass fragments. The consequences can be life-threatening.

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.

Is RiteMed generic or branded?

“RiteMed was introduced in 2002 as a unibranded generic. The use of the RiteMed brand was a way of assuring doctors and consumers that there is a name they can trust behind these medicines while avoiding expenses associated with building a brand for every single product.

Can you trust generic drugs?

Are Generic Medications as Safe and Effective? According to the FDA, all drugs, including brand name drugs and generic drugs, must work well and be safe. Generic drugs use the same active ingredients as their brand-name counterparts and, therefore, have the same risks and benefits.

Are generic drugs from India safe?

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.

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Why branded drugs are expensive?

This is why branded drugs are expensive when a new drug comes in the market. So the high price of branded drugs comes down to market economics and the society’s need for the invention of new and effective drugs. It is watered down to this simplified axiom- No profits→ no R&D; No R&D→ no new drugs discovered.

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.

Why Jan aushadhi medicines are cheaper?

Patients from Assam, Uttarakhand, Maharashtra, Uttar Pradesh, Jammu and Kashmir, Tamilnadu and Bihar shared their experiences on how drugs from Jan Aushadhi Kendras run under a scheme floated by Department of Pharmaceuticals – Jan Aushadhi Scheme had led to drugs cheaper by 50 to 90 per cent for the patients, due to …