Why to prefer Generic Medicines over Branded Medicines?
A large section of Indians don’t have the financial capacity to spend on quality medicines. In 2011 the problem was so grave that the added cost of medicines & healthcare to their annual expenses pushed almost 60 million people below the poverty line. The Indian government recognized that less costly medicines will not only provide access to quality drugs to the lower socio economic section of the society but will also reduce their annual healthcare burden.
Thus, the Government of India made it mandatory for physicians to prescribe generic medicines. And in April 2017, the Medical Council of India released a notification which stated that it was making it mandatory for physicians to prescribe the drugs by using generic names.
But what are generic medicines?
Generic medicines are inexpensive forms of the more costly branded drugs. Generic medicines are manufactured and brought in the market by a different company than the original one, when the patent of the drug, held by the original drug manufacturer, expires. The newly introduced generic drugs are either sold by a brand or salt name.
Unfortunately, in India, there is a misconception that generic means cheap and non-effective but when in reality the generic drugs are as effective as the original, more expensive branded ones.
What are the uses of generic medicines?
- The main use of generic medicine is that it is an important tool for the government to make quality healthcare and medications accessible and affordable even to the poorest segment of society.
- Another use is that if good quality drugs are available to all at reduced prices, it will ultimately reduce the national healthcare expenditure budget.
- Promotion of generic drugs by the government and health authorities will help remove the impression that affordable medicines are low quality, have less efficacy and are a copy of the original.
What are the advantages of generic medicines?
India is one of the largest manufacturers of generic drugs, globally. Many Indian pharmaceutical companies manufacture and export these generic drugs to other developing nations helping reduce their national healthcare expenditure. Although the biggest difference between generic and branded medicine is the cost, there are other advantages of generic drugs including
- Generic medicines have the same chemical composition as the proprietary one.
- The generic drug has the same potency, dose, method of intake, quality, and implications. In short it works just the same as the branded medicine.
- Studies show that both branded and generic medicines are bio-equivalent, meaning that, although generic medicines may vary in size, shape, colour, they have the same amount of pharmaceutical ingredients and observe the same strict standards of manufacturing (these findings were reviewed by the FDA (Food and Drug Administration), which is the authority that evaluates drugs in India).
The government of India is trying to promote generic medicines as an alternative to expensive drugs but with the same efficacy. This will help reduce the exorbitant healthcare costs and also make superior drugs accessible to a larger section of the population.
StayHappi Pharmacy, India’s fastest growing retail pharmacy chain, with over 250 stores, in 60 + cities, with more than 250000 satisfied customers, is the only place to buy best quality generic medicines.
A pan India retail pharmacy chain, StayHappi Pharmacy provides high quality generic medicines at affordable prices to patients that cost substantially lower than branded drugs.
The company’s goal is to provide quality healthcare to everyone, everywhere and affordable to all. StayHappi Pharmacy offers high value to its patients with a wide range of medical services including, medicinal needs, body and healthcare products, doctor consultation, surgical items and medical devices.
If you need any more information on affordable generic medicines or other medical services, please visit the StayHappi Pharmacy website.