2. About Us
A generic medicine store having a
vision to provide you the best
quality medicine at a cheaper rate.
3. GeNERIC MEDICINE
Generic medicines are drugs that contain the same active ingredients as
brand-name drugs, but are usually sold at a lower cost. They are
approved by regulatory agencies after the patent for the original drug has
expired, allowing other companies to produce and sell the same drug
under a different name.
4. USUAGE OF GENERIC
MEDICINE
Generic medicines can be used to treat a
wide range of conditions, including high
blood pressure, diabetes and depression.
Patients should always consult with thier
healthcare provider before switching to a
generic medication to ensure the safety
and effectiveness of the treatment.
5. One of the biggest advantages of generic medicines is
that they are much more affordable than brand-name
drugs. This is because generic drug manufacturers do
not have to invent in costly research and development
or marketing campaigns, which results in significant
cost savings that are passed on to consumers. For
example, a recent study found that the average price of
a generic drug is 80-85% lower than its brand-name
counterpart, making them a much more accessible
option for many people.
In fact, many doctors and healthcare professionals
actively encourage their patients to use generic
medicines as a way to save money without sacrificing
quality of care.
BENEFITS OF GENERIC MEDICINES
6. how are generic medicines
regulated?
The regulatory process for generic medicines is a rigorous one
that involves multiple stages of testing and evaluation. First, the
manufacturer must submit Abbreviated New Drug Application
(ANDA) to the FDA, which includes data on the drug’s safety,
efficacy, and quality. The application must demonstrate the the
generic drug is bioequivalent to the brand-name drug, meaning
that it has the same active ingredient, strength dosage form, and
route of administration as the original drug.
Once the ANDA is approved, the generic drug can be marketed
and sold to consumers. However, the FDA continues to monitor
the drug’s safety and quality through post-market surveillance
programs.
7. branded vs generic medicine
Branded medicines are those that are developed and
marketed by a specific pharmaceutcal company.
These drugs are protected by patents, which gives
the company the exclusive rights to produce and sell
them for a certain period of time. As a result, branded
medicines tend to be more expensive than their
generic counterparts.
Generic medicines, on the other hand, are the copies
of branded drugs that have the active ingredients,
dosage, strength, and intended use. However, they
are not marketed under the original brand name and
are usually sold at a lower price. Despite this, generic
medicines are just as safe and effective as their
branded equivalents, as they undergo the same
rigorous testing and regulatory processes.
9. regulations and approval
The regulatory process for approving generic
medicines is a rigorous one that imvolves extensive
testing and evaluation. Generic medicines must
demonstrate bioequivalence to their brand-name
counterparts, meaning they contain the same
active ingredients in the same amounts and
products the same therapeutic effects.
To gain approval, generic medicines must go
through a series of tests and evaluations to ensure
their safety, efficacy and quality. This includes
testing for purity, stability and dissolution rate as
well as conducting clinical trialsto evaluatetheir
effectiveness compared to the brand-name drug.
10. bills passed by government of india
The Indian Government has taken several steps to
promote the use of generic medicines in the
country. In 2017, the government passed the
National Pharmaceutical Pricing Policy, which
aimed to regulate the prices of essential medicines
and ensure their availability to all. The policy also
encouraged the use of generic medicines over
branded drugs, as they are more affordable and
equally effective.
In addition to this, the government launched the
Pradhan Mantri Bhartiya Janaushadhi Pariyojna
(PMBJP) scheme in 2008, which aims to provide
quality generic medicines at affordable prices to the
masses.
11. conclusion
In conclusion, generic medicines offer a safe,
high quality and cost-effective alternative to
brand-name drugs. By choosing generic
medicines, patients can save money and
increase their access to necessary
medications.
It is important to consider generic medicines
as a viable option, not only for personal
financial reasons but also for a greater goood
of society. By choosing generic medicines,
we can help reduce healthcare costs and
increase access to essential medications for
all individuals.