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Indian Generic Price: Providing Affordable Quality Medicines

There are more than 700 medicines; more than 150 surgicals and consumables are available at affordable prices for all at more than 4000 ‘Jan Aushadi Kedras’ across the nation. ‘Pharma Jan Samadhan’, a customer grievances redressal system was launched and a mobile application – ‘Pharma Sahi Daam’ that provides real-time information to consumers on prices of Scheduled/Non-scheduled medicines has also been introduced. Our medications are sourced from Indian certified manufacturers and meet global regulatory standards. We help you to access high quality generic medicine and overcome financial barriers. How the law works is borne out of the patent decision in 2005 which rejected the Swiss pharmaceutical company Novartis’ attempt to patent the salt/crystalline form of ‘Imatinib,’ a life saving medicine for treating chronic myeloid leukemia.

Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) : Making Quality Medicines Affordable and Accessible in India

Many rural pharmacies may not stock a wide range of generics due to logistical challenges or low demand, leading patients to rely on more expensive branded alternatives. While generic medicines have played a transformative role in improving healthcare accessibility and affordability, they also face several challenges in India. These issues stem from quality control, regulatory oversight, and consumer perception, all of which can hinder the widespread acceptance and effectiveness of generics in the country. Today, India is one of the world’s largest producers and exporters of generic medicines, accounting for about 20% of the global supply. Indian pharmaceutical companies manufacture a wide range of generic drugs, including antibiotics, antivirals, and medicines for chronic diseases like diabetes and hypertension.

  • Indian pharmaceutical companies manufacture a wide range of generic drugs, including antibiotics, antivirals, and medicines for chronic diseases like diabetes and hypertension.
  • The Vice President asked Pharma companies to go above and beyond their CSR mandates to provide life saving and other essential drugs to those who cannot afford them.
  • It is aimed at filing and then obtaining separate patents – referred to as ‘secondary patents’ – relating to different aspects of the same medicine.
  • It is quite heartening to note that the Pharma sector is out-performing most other sectors in achieving consistently high growth.
  • Our medications are sourced from Indian certified manufacturers and meet global regulatory standards.
  • This is the Government Services Portal of India, developed with an objective to enable a single window access to services being provided by the various Indian Government entities.

Newly Launched Generic Medicine

Indiangenericprice believes that no one should be deprived of essential healthcare, regardless of their location or financial situation. Our goal is to transform global healthcare access by breaking down barriers through convenience and affordability. A ‘public first’ approach to policy, strict medicine patent law and doctors who have used reverse-engineering to introduce generic drugs, are some of the reasons that India has emerged as the ‘pharmacy’ of the developing world.

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The recombinant Hepatitis B vaccine is an excellent example of one of India’s low-cost medicines. Large multinational pharmaceutical companies held a complete monopoly on the vaccine and ensured that the price of the drug was high. At $23 per dose, a manufacturer in India saw an unmet need and, in the absence of patent barriers, developed a Hepatitis B vaccine to reduce the price of the drug to less than $1 per dose. Today, India is a main supplier of vaccines to UNICEF and to the Ministries of Health in numerous countries. With an objective of making quality generic medicines available at affordable prices to all, Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) was launched by the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers in the year 2008.

What Are Generic Medicines?

It can depend on the clinical data presented by the innovator’s company for the safety profile of the medicine. By offering affordable and accessible healthcare options, generic medicines play a critical role in lowering healthcare costs while ensuring high standards of safety and effectiveness. This law fostered the growth of a strong domestic pharmaceutical industry focused on producing affordable generic drugs. It enabled Indian companies to manufacture medicines at much lower costs, without infringing on patents held by multinational corporations. Before the 1970s, India’s pharmaceutical market was dominated by multinational corporations, which produced and sold branded medicines at high prices. The Indian pharmaceutical industry was relatively underdeveloped, and most medicines, especially life-saving ones, were imported, making them inaccessible to a large part of the population due to high costs.

Indian Generic Price: Providing Affordable Quality Medicines

Apply for Pradhan Mantri Bhartiya Janaushadhi Kendra

Indian Generic Price: Providing Affordable Quality Medicines

The act abolished product patents on drugs and allowed only process patents for a limited period. This meant that Indian pharmaceutical companies could legally reverse-engineer and produce generic versions of patented drugs by using a different manufacturing process. Making quality medicines available at affordable prices for all, particularly the poor and disadvantaged, through exclusive outlets “Jan Aushadhi Medical Store”, so as to reduce out of pocket expenses in healthcare. So it is not only the responsibility of the government to support generics, but we all should also take the initiative to support generics. Recently, these initiatives have already been started by a few state governments in India. Low-cost, generic medicines produced in India are helping millions of people across the world get affordable, high-quality medication.

The Role of Generic Medicines in India’s Healthcare System

Further, Clause 1.5 of Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations, 2002 prescribes that every physcian should prescribe drugs with generic names legibly and preferably in capital letters. Additionally, the erstwhile Medical Council of India (MCI) had issued Circulars vide which all the Registered Medical Practitioners have been directed to comply with the aforesaid provisions. You can trust Indiangenericprice for reliable access to specialized medications that are affordable and delivered worldwide.

Drug Resources

From legislative changes in the 1970s to the expansion of the global generics market, India’s pharmaceutical industry has grown into a powerhouse. Today, India stands as a leader in the global generic drug market, providing life-saving medicines to millions of people worldwide, while continuing to be a vital player in making healthcare affordable for all. Yet, the country’s marginalised populations have limited access to medicines as branded medicines are sold at significantly higher prices than their unbranded generic equivalents, despite being identical in the therapeutic value. Therefore, there is an urgent need to ensure the availability of cheaper generics to citizens; this is in the best interest of these populations.

FAQs about Generic Medicines In India

By offering low-cost, high-quality alternatives to branded drugs, generic medicines help reduce healthcare costs and improve access to treatments, supporting the government’s broader goal of universal healthcare. India is one of the world’s largest producers of generic drugs, with Indian pharmaceutical companies supplying over 50% of global demand for various vaccines and 40% of the generic drugs used in the United States. The Indian government has taken several initiatives to promote the use of generic medicines domestically, including the Pradhan Mantri Jan Aushadhi Yojana (PMJAY), which provides quality generic medicines at affordable prices. India’s generic medicines are not only essential for its own population but also play a critical role in global healthcare. The country’s pharmaceutical sector has become a reliable source of affordable medicines for developed and developing countries alike. The history of generic medicines in India reflects the country’s commitment to ensuring affordable and accessible healthcare.

National Government Services Portal

Medkart Pharmacy offers informational content on various health topics, promoting awareness and well-being among our customers. New molecules and new drugs will have to be discovered and treatment protocols will have to be continuously upgraded and updated. The National Institute of Pharmaceutical Education and Research (NIPER) imparts quality education in the areas of pharmaceutical sciences. Healthcare is the fifth-largest employer among all sectors, both in terms of direct and indirect employment. Given the significance of highly educated and specialized scientists in the sector, skill development is crucial.

  • Additionally, healthcare professionals should be trained on the efficacy of generics to shift prescribing practices.
  • Most people worry about the quality and effectiveness of generic medicines because generic drugs are not as costly as compared to branded drugs.
  • They are accepted globally and are of the same quality with a lesser cost as compared to branded drugs.
  • In recent years, generic medicines in India have emerged as a powerful tool in making healthcare more affordable and accessible to millions of people.
  • FDA (Food and Drug Administration) or India’s CDSCO (Central Drugs Standard Control Organization) ensure that generic drugs adhere to strict guidelines before they are approved for public use.
  • PMBJP stores have been set up to provide generic drugs, which are available at lesser prices but are equivalent in quality and efficacy as expensive branded drugs.
  • Pharma companies should go above and beyond their CSR mandates to provide life saving and other essential drugs to those who cannot afford them.
  • Under the National Pharmaceutical Pricing Policy, as on December 15, 2016, ceiling price of 853 formulations are under price control.

History of Generic Medicines in India

  • President’s Emergency Plan for AIDS Relief (PEPFAR), UNITAID and others, rely on the country’s  generic antiretrovirals for the programs they support.
  • Under the PMBJP Kendras, a medicine is priced on the principle of a maximum of 50% of the average price of the top three branded medicines.
  • Addressing issues related to quality assurance, regulatory enforcement, public awareness, and the perception of generics is essential for improving their acceptance.
  • They have a common notion that generic drugs are available at a low price so they may be of inferior quality.
  • There is immense scope for technology, innovation and research in pharmaceuticals.

The Vice President of India, Shri M. Venkaiah Naidu has called up on the pharmaceutical industry to work towards making India an International Capital of Generic Medicines. With years of experience and partnerships across the pharmaceutical industry, we guarantee timely and secure delivery. We provide a wide range of specialty drugs, from anti-viral treatments to nephrology drugs, addressing complex medical needs.

Challenges Faced by Generic Medicines in India or Problems with Generic Drugs in India

Pradhan Mantri Bhartiya Janaushadhi Kendra scheme ensures quality generic medicines available at affordable prices to all citizens. Under the scheme, dedicated outlets known as Janaushadhi Kendras are opened to provide generic medicines at affordable prices. By providing affordable medication options, generic medicines ensure that low-income individuals and underserved populations have access to necessary treatments, reducing healthcare disparities across the country. Generic medicines are produced after the patent on a branded drug expires, allowing multiple manufacturers to make the same drug.

  • This uncompromising stand has been demonstrated through the granting of compulsory licence in 2012 to an Indian manufacturer to produce a cancer drug,  the patent for which was held by the German company Bayer.
  • Due to the ability of the Indian pharma companies to produce drugs at economical rates, the cost of HIV/AIDS treatment has gone down to $400 per year from $12,000 – a spectacular contribution to global healthcare.
  • There are more than 700 medicines; more than 150 surgicals and consumables are available at affordable prices for all at more than 4000 ‘Jan Aushadi Kedras’ across the nation.
  • The scheme is being implemented by the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (BPPI), under the administrative control of the Department of Pharmaceuticals and the Ministry of Chemicals and Fertilisers.
  • Today, India is the world’s primary source of affordable HIV medicines as it is one of the few countries with the capacity to quickly produce newer HIV drugs as generics.
  • Furthermore, the article discusses the potential of PMBJP to expand and cover more medicines and medical devices, as well as its role in achieving the goal of universal health coverage in India.
  • We aim to make advanced medications affordable and accessible for patients everywhere.

It is a common tactic by which the pharmaceutical industry extends their monopoly on drugs beyond the original patent’s 20 years. Long monopoly of a single company in the US  keeps prices high because generic competition is blocked. This problem gets further aggravated as almost 80% of expenditure on health care is borne by the patients themselves.

Quality Assurance

  • This article explores the significance of generic medicines in India, their role in the healthcare system, and why they are key to reducing out-of-pocket expenditure on healthcare.
  • According to NSO estimates, upto 79% of health care expenses in rural areas are due to the cost of medicines.
  • Generic medicines are drugs that contain the same active ingredients as branded medicines, but are sold under their chemical name.
  • Indiangenericprice ensures that all our medications are obtained from certified manufacturers, meeting strict global safety and efficacy guidelines.

As previously mentioned, generic medicines are far cheaper than branded drugs, allowing patients to afford treatments for chronic conditions like diabetes, hypertension, and cardiovascular diseases without financial strain. “Making quality medicines available at affordable prices has been a key challenge. We will reinvigorate enzalutamide price in singapore the supply of generic drugs. 3,000 Stores under Prime Minister’s Jan Aushadhi Yojana will be opened during 2017.” This public health approach to setting strict patent standards is in line with international trade rules and encourages timely entry of affordable generics into the market, driving prices down.

The article discusses the types of medicines available through the scheme, quality standards, certification process, pricing, and benefits to the general public. The article also highlights the challenges faced by the PMBJP scheme in ensuring the availability and accessibility of medicines in remote areas. Furthermore, the article discusses the potential of PMBJP to expand and cover more medicines and medical devices, as well as its role in achieving the goal of universal health coverage in India. Generic medicines play a key role in government healthcare initiatives such as the Pradhan Mantri Jan Aushadhi Yojana (PMJAY), which aims to make essential medicines affordable and accessible to all citizens.

Jan Aushadhi and other Generic Medicine initiatives in India

Additionally, healthcare professionals should be trained on the efficacy of generics to shift prescribing practices. Once a drug patent expires, multiple pharmaceutical companies can produce and sell the generic version, leading to increased competition and lower prices for consumers. Providing essential drugs and medicines at cost-effective prices is the key focus of Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers. Under free drug initiatve of National Health Mission (NHM), support is provided for provision of essential generic drugs free of cost in public health facilities. Indiangenericprice ensures that all our medications are obtained from certified manufacturers, meeting strict global safety and efficacy guidelines. We aim to make advanced medications affordable and accessible for patients everywhere.

How can I be sure that the medicines on Medkart Pharmacy are genuine?

Generic medicines can only be produced after the patent on the brand-name drug has expired. This allows multiple manufacturers to create the same medicine, increasing competition and driving prices down. Generic drugs are tested rigorously to ensure they meet the same safety and efficacy standards as brand-name drugs. FDA (Food and Drug Administration) or India’s CDSCO (Central Drugs Standard Control Organization) ensure that generic drugs adhere to strict guidelines before they are approved for public use. A landmark moment in India’s pharmaceutical history came with the Indian Patents Act of 1970.

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