Indian Generic Price: Providing Affordable Quality Medicines

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.

Providing Affordable, High-quality Generic Meds Globally

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.

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The initiative aims to make essential medicines more accessible and affordable through resolute PMBJK outlets. The Jan Aushadhi initiative will make available quality drugs at affordable prices through dedicated stores selling generic medicines which are available at lesser prices but are equivalent in quality and efficacy as expensive branded drugs. Medicines in almost every therapeutic category are sold primarily as branded drugs, at disproportionately high prices.

Global Reach

Yes, Medkart Pharmacy offers a diverse range of over-the-counter products to meet common health needs. We at Medkart Pharmacy dream of making sure that everyone is truly aware of Generic Medicines. You can also buy essential medical products, branded or generic medicines online from medkart official website. Increasing the number of Jan Aushadhi Kendras across India, especially in rural areas, can ensure the availability of generic medicines to even the most underserved populations. As India continues to address its healthcare challenges, the role of generic medicines will remain vital in ensuring that all individuals have access to the medications they need for maintaining good health. Despite these changes, Indian pharmaceutical companies continued to thrive by focusing on producing generics for medicines whose patents had expired and exporting them worldwide.

Indian Generic Price: Providing Affordable Quality Medicines

Quality Assurance

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.

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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.

The infographic below highlights the sky-high prices of patented drugs in the US vs low-cost Indian generics.

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.

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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 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.

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Generic medicines are much cheaper because they do not involve the initial research and marketing costs of branded medicines. However, they are bioequivalent to branded drugs and are just as safe and effective. While generics are generally cheaper than branded drugs, there can be variability in the pricing of generic medicines across different regions and pharmacies. This can confuse consumers, and in some cases, patients may not experience the cost savings they expect. During the 1980s, Indian pharmaceutical companies like Cipla, Ranbaxy, Dr. Reddy’s, and Sun Pharma started gaining momentum by producing high-quality generic medicines. These companies began to challenge the dominance of global pharmaceutical giants by offering the same medicines at significantly reduced prices.

Providing Affordable, High-quality Generic Meds Globally

PMBJP seeks to keep product price within 50% of branded product price to make it affordable for all, especially the poor. In December 2023, the Department of Pharmaceuticals announced the availability of Jan Aushadhi Suvidha Oxo-Biodegradable Sanitary Napkins at Rs. 1 to ensure easy accessibility of and provide affordable sanitary napkins to women in India. From the beginning until November 30, 2023, more than 47.87 crore Jan Aushadhi Suvidha Sanitary Pads have been purchased from Jan Aushadhi Kendras. Healthcare and its allied industries being the fifth-largest employer among all sectors, the Vice President asked the industry to invest in skilling. Given the significance of highly educated and specialized scientists in the sector, skill development is crucial, he said. He asked for a constant coordination between government and Industry to remove disconnect between demand and supply of skilled manpower in pharmacy sector.

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.

The journey of generic medicines in India has been pivotal in transforming the country’s healthcare landscape. From early efforts to make essential medicines affordable to becoming one of the world’s largest producers of generics, India’s generic pharmaceutical industry has a rich history. Here’s a look at the key milestones in the development of generic medicines in India. 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. He said that it was essential for a country like India to provide healthcare and medicines at affordable prices. In developing countries, India is rendering yeoman service by providing access to life saving medicines at affordable prices, he added.

How to Promote the Use of Generic Medicines

India is the largest provider of generic drugs globally with the Indian generics accounting for 20 % of global exports in terms of volume. The Vice President said that apart from being the world leader in generic medicines, India should promote Indian systems of Medicine. He asked young researchers to work towards standardizing and benchmarking Indian systems of medicine and establish the efficiency, validity and efficacy of these traditional medicines, using globally established experimental protocols. Moreover, the Directorate General of Health Services has directed all Central Government hospitals to prescribe generic medicines only. Similar instructions also have been issued to ‘prescribe drugs with generic name legibly’ to all CGHS Doctors and Wellness Centres. Big pharmaceutical corporations with patent monopolies were charging over $10,000 per patient per year for antiretrovirals (HIV medicines), thereby making treatment economically unviable for millions of patients in the developing world.

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.

Regarding non-communicable diseases (NCDs), he outlined considerable progress in the National Programme for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases, and Stroke. The government provides free or highly subsidised treatment for NCDs at public hospitals, with major diseases covered under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PMJAY). The scheme, benefiting approximately 55 crore people, offers US$ 5,886 (Rs. 5 lakh) annual health cover for secondary and tertiary hospitalisation. Additionally, the scheme has extended coverage to senior citizens aged 70 and above. As of November 30, 2024, 218 AMRIT pharmacies operate across 29 states and Union Territories, offering discounted medicines and surgical items.

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. Government agencies, pharmaceutical companies, and healthcare professionals should launch awareness campaigns to educate the public about the benefits of generic medicines. Patients should be informed that generic drugs are just as effective as branded drugs but at a lower price. The Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) was launched to promote the use of generic medicines and reduce healthcare costs for the masses. Under this scheme, Jan Aushadhi stores have been set up across India, where generic medicines are sold at affordable prices, making essential drugs accessible even in remote areas.

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Moreover, it is easier to get generic medicines directly from online pharmacy 24/7 or in a nearby chemist shop. The generics prove to be a great alternative to branded medicines as they are bioequivalent or identical to branded drugs with comparable therapeutic action. Along with no compromise on quality, it is also cost-effective, as the cost of research and development and drug discovery is not included in the case of generic drugs.

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 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.

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 erlotinib price in singapore 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.

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.

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