Doctors Should Only Prescribe Generic Drugs Instead Of Brand-Name Medicines : Plea In Supreme Court

Such deals involving Indian generic makers, too, are common in the US, where even an iconic Cipla has been named in these anti-trust cases lawsuits. Innovator companies have been charged with paying hefty sums or offering such licensing deals to keep potential competitors from launching low-cost generic versions of the drugs as they squeeze monopolistic profits from their patented drug. The case is of interest here because Genentech filed lawsuits against Sandoz and 17 other companies in early 2019, most of these generic manufacturers from India, starting with Cipla. The large number of suits filed by Genentech is an indication of how determined the company was to block low-cost versions of Esbriet from coming into the market and eroding its profits.

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For this reason, before enabling generic drug manufacturers to create and market the same medication, the legislation first allows the brand-name firm to recoup its investment. With the escalating cost of healthcare facilities, many people in India started to opt for generic medicines. The solution of generic medicines is way cheaper than branded drugs and is backed by the Government of India which made it mandatory for the physicians to prescribe the generic names. Generic medicines are affordable versions of the branded drugs which are introduced once the patent acquired by the drug manufacturer expires. “Generic Aadhaar has disrupted the conventional pharma industry and is determined to empower single-store owners and pass on the benefit to the end customer. We aim to support the common man’s monthly medicine budget by providing life-saving high-quality medicines at very affordable prices.

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In fact, Regulation 1.5 of the Medical Council Regulations 2002 says that every physician should, as far as possible, prescribe generic medicines. Top 10 Generic Pharma Companies in India – Generic drug companies have become an intimidating segment of the pharmaceutical drug market. A report by Global Data says that Indian generic manufacturers are doing particularly well in the generics marketplace, and more and more companies are moving their manufacturing facilities overseas to cut costs. Generic medicines are usually identical as a proprietary drug that has a brand name because of which the chemical composition of the medicine is sold as. Without any difference, the generic drug is the same in potency, dose, and method of intake, quality, and implications and works the same as the branded medicine. As per Indian household, the term ‘generic’ implies the drug is a cheaper, less effective and duplicate version of the brand name product.

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Moreover, the proposed US Biosecure Act is an important factor for the Indian pharmaceutical industry. The Act aims to reduce US biopharmaceutical companies’ reliance on Chinese manufacturing by January 1, 2032, providing a seven-year timeline for implementation. Dr. Mansukh Mandaviya, Union Minister for Chemicals & Fertilizers and Health & Family Welfare virtually inaugurated 27 greenfield bulk drug park projects and 13 greenfield manufacturing plants for medical devices, here today. Jan Aushadhi Sugam application helps citizens search for nearby Jan Aushadhi Kendra. Citizens can search for generic medicines and provide feedback and suggestions, as well as report bugs encountered while using the application.

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India is counted amongst the largest supplier of generic drugs across the world and the pharmaceutical industry has helped in reducing the healthcare costs of many nations by exporting the medicines. As per the survey conducted in 2014 by the National Sample Survey Office (NSSO) on healthcare shows the staggering number of 82% in urban and 86% of the rural population not covered under any scheme of health expenditure support. Generic medicines are low in cost but as effective and safe as branded medicines. In India, it is being widely used, the PMBJP aims to spread more awareness among people.

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Chandrachur Datta, Partner at Vector Consulting Group, said the tariff hike could be both a challenge and an opportunity for Indian pharmaceutical companies. “The increase in tariffs on Chinese products could make Indian alternatives more competitive in the US,” he said. However, he stressed that success would depend on Indian manufacturers ensuring product quality, building resilient supply chains, and adhering to US regulatory standards. “Investing in capacity building, transparency, and flexible supply chains will be crucial,” Datta said. The PLI scheme encourages manufacturers to invest in R&D activities to develop innovative products and technologies. The scheme has enabled technology transfer in high-end medical devices enhancing our capabilities.

Does FDA monitor side effects or safety issues with generic medicines?

Investment worth Rs 3,651 crore has already been grounded, till December 2023, by the scheme participants. The increased investment has led to local capacity creation for critical bulk drugs on which the country was import dependent. The investment in fermentation based manufacturing also signals rediscovering of our strength in the area, which was affected on account of cheap imports. Due to globalisation, the import of Penicillin G led to the closure of all such plants in India.

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• By helping people save over ₹250 crore on their medications through our network of over 2500+ stores across India and website.
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• When products are temporarily removed from the US market, “that has given some larger manufacturers the ability to take up pricing and pick up some share,” said RBC Capital Markets analyst Randall Stanicky.
• On the basis of the technician’s evaluation report, we will provide resolution.
• In FY23, the Indian pharma market saw a year-on-year growth of nearly 5%, reaching US$ 49.78 billion.

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• Before the patent on the brand-name medication expires, the authority can give “tentative approval” to a generic version.
• Hailed as the “pharmacy of the world”, the booming pharmaceutical industry of India is a leading source of cutting edge innovation especially when it comes to providing life-saving medicines at affordable prices to people.
• Through these franchises, Generic Aadhaar has reached 20 lakh people by providing them with healthcare services, the company said.
• The low cost of generics is an alternative to branded drugs and hence generics dominate, making up for 70 to 80% of the retail market.
• He also highlighted that under the PLI scheme, as many as 1800 pharmaceutical products and formulations and 22 bulk drugs will be manufactured in India.
• Generic medicines are available at every wholesale medicine market from where they can be procured for retail sale.

Big money was at stake since Esbriet, used to treat a serious lung disease called idiopathic pulmonary fibrosis, accounts for sales of $1 billion annually. To ensure high quality, medicines are procured from WHO Good manufacturing practice (GMP), Current Good Manufacturing Practice and CPSUs manufacturers for supplying to Pradhan Mantri Bhartiya Janaushadhi Kendras. Only after being certified by these laboratories, medicines are dispatched to C&F agents, Distributors and JAKs. 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.

Meanwhile, the global market size of pharmaceutical products was estimated to cross over the US$ 1 trillion mark in 2023. Now you can save up to 90% on your medicine bills by purchasing lower price medicine through Zeelab Pharmacy’s online medical store nearby without compromising on the quality. This initiative taken up by Zeelab Pharmacy will benefit you by reducing your healthcare budget and minimising the overall cost of your medical treatment. Zeelab Pharmacy was incepted to provide you with affordable quality medicine through its dedicated sales outlets along with online medicine delivery across the country.

“After 8 years Medkart is currently operating over 107 stores, has educated over 7 lakh patients about generics and added 20,000 every month and saving more than Rs 10 crores monthly for the customers with a total of over Rs 350 crores till date,” he said. We dispense only World Health Organization Good Manufacturing Practices (WHO GMP) certified manufacturer’s generics which are at par with the prescribed brands or in some cases even better than them. On the price front, they are anywhere between 50-95% cheaper,” Ankur Agarwal, Founder, Medkart said. The new start-ups in the game have noticed that healthcare costs pinch the user on medicines as that part is rarely covered by any insurance.

What makes ZEELAB the most preferred generic online pharmacy in India?

For Indian generic manufacturers to remain competitive in the cost-sensitive US market, they will need to address internal inefficiencies. “Misaligned raw material (RM) and packaging material (PM) inventories often result in incomplete production kits and manufacturing delays,” sorafenib price in malaysia Datta said. Bottlenecks in production and lengthy turnaround times in quality control (QC) testing also worsen the situation. “Real-time demand forecasting and automation can help optimise RM and PM inventories, while advanced QC techniques can reduce delays,” he said.

Get live Share Market updates, Stock Market Quotes, and the latest India News … Read More and business news on Financial Express. Medkart, another such startup, has a wide range of molecules across the spectrum and ends up with an average saving of 73% for its chronic customers. On average, annually ₹10,000 is saved by a chronic customer at Medkart, claims the company. Sources had told Reuters that the first batch of 10,000 vials had been printed with a price of 4,000 rupees, 800 rupees below the cheapest option, launched by European competitor Mylan this week.

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The global generic pharma companies continue to grow and maintain their growth in the present time. With the increase in demand for more accessible medication, pharmaceutical companies are harnessing the benefits offered by generic drugs. Efficient and inexpensive drugs are always needed, making this a growing market for drug makers Here are the top five generic drug makers by revenue. Krka Pharmaceutical comes in the list of top generic pharma companies in India. The company’s focus is on the development of high-quality own-brand generic pharmaceuticals, which offer added value and are marketed under Krka’s own brands.

He also highlighted that under the PLI scheme, as many as 1800 pharmaceutical products and formulations and 22 bulk drugs will be manufactured in India. One of the key topics discussed in Satyamev Jayate’s episode titled ‘Every Life is Precious’ was generic medicines, i.e., substitutes for branded drugs that provide the same treatment quality at a fraction of the cost. Generic medicines are available at every wholesale medicine market from where they can be procured for retail sale.

• The majority of people having chronic illnesses such as diabetes, hypertension and heart diseases switch to branded generic medicines for greater savings.
• They readily acquiesce with the voluntary licensing regime of innovator companies, no longer willing to take on giants with compulsory licences (CLs).
• The scheme aims to promote industry-academia linkage for R&D in priority areas and to inculcate the culture of quality research and nurture the pool of scientists.
• He highlighted the efforts of the administration in enhancing self-reliance, innovation and infrastructure, including both physical and digital as displays of such a vision.
• New drugs will include the research, development, patent, marketing, and selling costs.
• The business sells cytotoxic compounds, high-potency medications, hormones, and sterile items in a range of dosage forms, including tablets, capsules, liquids, transdermal patches, ointments, and creams.
• Moreover, the company aims to source approximately 50% of its energy requirement through renewable sources like solar by the fiscal year 2025.

I availed services from GetDistributors.com a few months ago and they have been nothing but exceptional. At Alembic, our mission is to bring you access, information and innovations in healthcare. Jason Kolbert, an analyst with Maxim Group, sees Teva, with its vast geographic reach and huge product portfolio, as a “direct beneficiary” of Indian drug company setbacks. It sells, for example, a version of the antibiotics made at the Sun plant under FDA sanctions. We contribute up to 70 % of the WHO demand for Diphtheria, Tetanus and Pertussis (DPT) and Bacillus Calmette–Guérin (BCG) vaccines, and 90% of WHO demand for the measles vaccine. In my blog, you will find analytical profiles of Top Generic Pharma Companies in India.

Today they have a portfolio of more than 1800 molecules and produce approximately 88 billion tablets and capsules a year at 80 manufacturing facilities. “This triggers off an avalanche of healthcare issues of trust, adherence, and awareness resulting in India being in the bottom quartile of the healthcare benchmarks. And in a country where 85% of total health expenditure is out-of-pocket and medicines constitute 20-60% of total healthcare expenditure, branded generics play a crucial role in breaking this vicious cycle and making healthcare affordable for patients,” he said. Generic medicines in India are a cost-effective alternative to branded medicines, as they are chemically identical and have the same safety, quality and efficacy. These medicines are made available at lower prices than their branded counterparts, making them a viable option for those who cannot afford expensive treatments.

As the medicine’s patent expires, more pharmaceutical companies apply to get approval to sell the generic drug. Top 10 Generic Medicine Manufacturers in India – Generic Medicine PCD companies have become a major part of the pharmaceutical drug market. According to the survey, Indian generic manufacturers are particularly successful in the generics industry, with more businesses moving their production operations overseas to reduce costs. According to a recent analysis by the FDA, there are too many generic drug companies in India.

PLI scheme for Bulk Drugs has laid the foundation for revitalizing of India’s bulk drug industry, aiming to achieve self-reliance and regain global competitiveness. Zydus Cadila is headquartered in Ahmedabad, India, and ranks 4th in the Indian pharmaceutical industry. The company was able to break the $1 billion mark for generics sales last year, jumping to $1.2 billion in sales in 2014 from $900 million in 2013. In India, Zydus launched more than 55 products, 19 of which were first-time launches, including adalimumab, the world’s first biosimilar of the $11 billion arthritis treatment Humira. The company was established in the year 1901 and is the leading Generic Pharma Companies in India. According to the recent report, revenues were $9.8 billion, and more than $9 billion in sales and purchased the rights to Allergan’s generics division in 2018.

We have analyzed and compared the historical data, activities, revenue forecasts, and growth rates of our listed generic companies. The company is also involved in the developmental capabilities covering fusion proteins, monoclonal antibodies, antibody-drug conjugates, and vaccines. It has a robust pipeline comprising of next-generation biosimilars and novel biologicals. Cipla India business chief executive officer and executive vice president Nikhil Chopra said in an emailed statement that the company was launching Cipremi commercially on Wednesday and aims to supply over 80,000 vials within the first month. The expanded list of companies includes Dr. Reddy’s Laboratories Inc., Emcure Pharmaceuticals Ltd, Glenmark Pharmaceuticals Inc., Sun Pharmaceutical Industries Inc., and Zydus Pharmaceuticals (USA) Inc. For seller-fulfilled items from Sports collectibles and Entertainment collectibles categories, the sellers need to be informed of the damage / defect within 10 days of delivery.

The company develops pharmaceuticals in different formulations, including liquids, ointments, tablets, capsules, injectables, granules and powder. These products cater to the treatment of gastroenterological, gynaecological, urological and neurological diseases, as well as diabetes, pain and infections. Headquartered in Gurgaon, Fortis Healthcare Limited is an IHH Healthcare Berhad subsidiary and is a prominent integrated healthcare services provider in India. With 28 healthcare facilities and over 400 diagnostics centres across India, the United Arab Emirates (UAE), Sri Lanka and Nepal, it is among the country’s largest healthcare organisations.