Generic medicines are similar to branded medicines that contains the same chemical substance as the branded or patent medicine , with respect to dose, strength, quality, efficacy, potency and intended use. The difference lies in the medicines being marketed under its chemical name without any brand name under which it is sold. The Indian Government had begun encouraging more generic medicines being manufactured by Indian companies in the current scenario.
As India is one of the highest per capita out-of-pocket expenditures on medicines . So the medical council of India, in an amendment to the code of conduct for doctors in October 2016, issue the guidelines to Prescribe (RX) generic names legible and ensure that there is a rational prescription which promotes the use of generic medicines. In future, the Government of India may bring a legal framework under which doctors will have to prescribe generic medicines to patients. In India use of generic drugs has increased significantly in recent years.
Generic medicines quality:
Generic medicines are typically 30% to 80% cheaper than branded medicines. The question raised quite often is “whether the quality and potency of generic medicines are comparable to the branded medicines”? Reason is that branded companies has spend a lot of money on research and development of the product and also invested money on the marketing and promotions.
Generic companies manufactured their product from the WHO-GMP certified plant. Which are approved by the government of India and other legal bodies. Which also follow all the guidelines of the government and maintain their standards while manufacturing the generic medicines . Generic medicines have the same purity, stability, quality , efficacy and potency as the branded
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