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Drug Price List: Generics and Matching Brands

Indian Generic Price: Providing Affordable Quality Medicines

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 to Promote the Use of Generic Medicines

Such patents are routinely granted in the US and other countries, but India chose to prioritise access to medicines over the business interests of the pharmaceutical industry. Yes, generic medicines are available for a wide range of diseases, including chronic conditions like diabetes, hypertension, and infectious diseases. Branded drugs are developed after years of research and clinical trials, making the original manufacturer the exclusive seller for a specific time through a patent.

  • ‘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.
  • Low-cost, generic medicines produced in India are helping millions of people across the world get affordable, high-quality medication.
  • With rising healthcare costs, the availability of generic drugs has provided relief to patients by offering low-cost alternatives without compromising on quality.
  • You can purchase generic medicines at Jan Aushadhi Kendras (government-run stores) and most pharmacies across India.
  • Quality medicines at affordable prices are now available to the poor and disadvantaged through the “Pradhan Mantri Bhartiya Jan aushadhi Kendras”.
  • 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.

How are generic medicines different from branded medicines?

There is still a large section of the population which finds it difficult to afford these high-priced medicines. According to World Health Organization estimates (2008), 65% of India‟s population does not have access to modern health care. Since 80% of out-patient care and 60% of in-hospital care occurs at private hospitals in India, households are exposed to a private-sector market to buy drugs (Public Health Foundation of India, 2012). According to NSO estimates, upto 79% of health care expenses in rural areas are due to the cost of medicines. Though the government has encouraged the prescription of generic medicines, many doctors in India still prefer prescribing branded drugs due to established relationships with pharmaceutical companies or doubts about the quality of generics. While the Pradhan Mantri Jan Aushadhi Yojana (PMJAY) has promoted the use of generic medicines, there is still a lack of awareness about the benefits of generics among the general public and even some healthcare professionals.

Are generic medicines as effective as brand-name ones?

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.

Price difference between generics and branded medicines

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.

How can I inquire about a specific medicine on Medkart Pharmacy?

Dr. Yussef Hamied from India electrified the world by announcing that the generic company Cipla would manufacture and supply the triple fixed-dose combination of HIV antiretrovirals at $1 a day, a 99.99 percent price cut. Stay updated by checking our website or subscribing to our newsletter for ongoing offers. 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. It is designed and developed by National Informatics Centre (NIC), Ministry of Electronics & Information Technology, Government of India. National Skill Development Coorporation has identified more than 60 job roles for the pharmacy graduates and post gradutes for consideration under the Pradhan Mantri Kaushal Vikas Yojna. In a very proactive move, the Government of India is setting up an electronic platform to regulate the profusion of online pharmacies that are coming up, under a new policy, to stop any misuse due to easy availability.

Newly Launched Generic Medicine

Thus, access to low-priced generic drugs is very critical in ensuring health care at affordable prices. Generic medicines are drugs that contain the same active ingredients as branded medicines, but are sold under their chemical name. They are equivalent in dosage, safety, strength, quality, and intended use, offering the same therapeutic benefits at a much lower cost. Continued focus on strict regulatory standards is essential to ensure that all generic medicines meet the required quality and safety benchmarks. Generic drugs in India must meet strict quality standards set by the Central Drugs Standard Control Organization (CDSCO). Generic medicines are widely available and are often produced by multiple manufacturers once the patent for the original drug expires.

Generic Drugs in India: A Complete Guide

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.

Drug Price List: Generics and Matching Brands

Indian Generic Price: Providing Affordable Quality Medicines

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.

Overview of Pharmacy associations in India

  • 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.
  • In 2005, India adopted a strict medicines patent law that, while allowing patent protection for new pharmaceutical compounds, makes it tougher to get a patent on new forms of existing medicines.
  • Under the National Pharmaceutical Pricing Policy, as on December 15, 2016, ceiling price of 853 formulations are under price control.
  • Additionally, healthcare professionals should be trained on the efficacy of generics to shift prescribing practices.

One of the main reasons to support generic medicine in India is the low cost of generic medicines. More than 70% of the Indian population lives in rural areas,  of which 35% are below the poverty line. On the other hand, India’s policy and lawmakers have identified generic competition as the strongest and most effective force to reduce drug prices. Having fewer patents in India means more generic competition, which means more affordable medicines for people and governments in developing countries. They are accepted globally and are of the same quality with a lesser cost as compared to branded drugs.

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.

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.

  • You can trust Indiangenericprice for reliable access to specialized medications that are affordable and delivered worldwide.
  • Pradhan Mantri Bhartiya Janaushadhi Kendra scheme ensures quality generic medicines available at affordable prices to all citizens.
  • The Atharva veda is a treasure trove of knowledge and wisdom in the field of medicine.
  • Government agencies, pharmaceutical companies, and healthcare professionals should launch awareness campaigns to educate the public about the benefits of generic medicines.

This makes them more accessible to patients and healthcare providers across different regions. The scheme was a major milestone in making healthcare accessible to all citizens, especially in rural and underprivileged areas. PMJAY also helped raise awareness about the benefits of generic medicines, countering the perception that generics are of lower ibrutinib cost uk quality. The AIDS crisis in the late 1990s further highlighted India’s role in the global healthcare system. Indian companies, particularly Cipla, gained international recognition by producing affordable generic antiretroviral (ARV) drugs to treat HIV/AIDS, which significantly lowered the cost of treatment in Africa and other developing regions.

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.

  • As of November 30, 2024, 218 AMRIT pharmacies operate across 29 states and Union Territories, offering discounted medicines and surgical items.
  • Having fewer patents in India means more generic competition, which means more affordable medicines for people and governments in developing countries.
  • This has resulted in substantial savings to common man as prices of generic medicines being sold in the PMBJP Kendras is lower by 50% to 90% of the equivalent branded medicines.
  • Providing essential drugs and medicines at cost-effective prices is the key focus of Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers.
  • The government has proposed amendments to the Drugs and Cosmetics Rules to ensure availability of generic drugs at reasonable prices and to promote the use of generic medicines.
  • You can trust Indiangenericprice for reliable access to specialized medications that are affordable and delivered worldwide.
  • The Jan Aushadhi Campaig is a self sustaining business model not dependent on government subsidies or assistance.

How do generic medicines benefit India’s healthcare system?

  • Though the active ingredients are the same, generics often come with different packaging, branding, or labeling compared to the original drug.
  • Though the government has encouraged the prescription of generic medicines, many doctors in India still prefer prescribing branded drugs due to established relationships with pharmaceutical companies or doubts about the quality of generics.
  • There is still a large section of the population which finds it difficult to afford these high-priced medicines.
  • Only after passing the quality tests, the medicines are dispatched to PMBJP Kendras.
  • Indian manufacturers, with their reverse engineering skills, were the first to market low-cost versions of the life-saving cancer (Imatinib) and HIV drugs (Zidovudine) within a few years of their US launch.
  • As of FY23, it covers 1,759 medicines and 280 surgical & consumables in all key therapeutic categories such as anti-infective, anti-allergic, anti-diabetics, cardiovascular, anti-cancers, and gastrointestinal medicines.
  • Here’s a look at the key milestones in the development of generic medicines in India.

As a result the drug – imatinib mesylate –produced generically costs $790 per patient per year in India compared to $106, 322 per patient per year in the US. Generic drugs are easily available across India, especially with the increasing number of Jan Aushadhi stores in rural and urban areas. All this will have to be achieved without compromising on the affordability of drugs. There should be an unwavering commitment to high standards of quality in drug manufacturing and quality frameworks such as Good Manufacturing Practices should strictly be adhered to. The fixation of ceiling prices on medicines has resulted in a total saving of USD 392 million since May 2014. India has always taken a bold and exemplary stand against blind patent protection that benefit global pharma giants.

For them, the brand name matters not only in cosmetics, clothes, groceries, and accessories but also in the case of medicines. They have a common notion that generic drugs are available at a low price so they may be of inferior quality. Medkart Pharmacy stands out by actively promoting awareness and accessibility to generic medicines online and offering cost-effective healthcare solutions to our customers. This has resulted in substantial savings to common man as prices of generic medicines being sold in the PMBJP Kendras is lower by 50% to 90% of the equivalent branded medicines. The government should implement policies that incentivize doctors to prescribe generic medicines.

How do generic medicines support government healthcare initiatives in India?

Generic medicines are drugs that contain the same active ingredients as their brand-name counterparts but are sold under their chemical names, without any brand identity. The only significant difference is the price, as generic drugs are often 30% to 90% cheaper than branded medicines. With the health sector being a priority, the Government of India is continuously working to provide affordable treatments and medicines at cheaper prices to its citizens. The demand for generic medicines is rising as the Jan Aushadhi stores, across the country, are serving lakh people per day.

With the vision to provide quality generic medicines to all citizens, the government’s Pradhan Mantri Bhartiya Janaushadhi Pariyojana brings this concept to reality. Out of Pocket expenditure on medicines constitutes more than 50% of healthcare expenditure in India. The poor are most affected as branded medicines are expensive and treatments involving the use of such medicines pushes them further into poverty.

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.

Under the Scheme, dedicated outlets known as Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs) are opened to provide generic medicines at cheaper rates to the citizens. Government has set a target to open 10,500 Kendras across the country by March 2025. As a leading Jan Aushadhi supplier, we are committed to making high-quality, affordable medicines available to healthcare providers and patients across India. Contact us today for bulk orders and learn more about how we support the mission of affordable healthcare.