Context: With the expansion of Janaushadhi Kendra to more than 10,000 centers the pharma companies are facing losses.
Generic Medicines and Their Impact on the Pharmaceutical Industry:
The increasing prevalence of generic medicines is negatively affecting the growth of the domestic pharmaceutical market valued at Rs 1.9 lakh crore.
Janaushadhi Kendra: Janaushadhi Kendras are outlets that offer generic drugs priced 50 to 60 percent lower than well-known brands. The initiative is spearheaded by the Pharma & Medical Bureau of India (PMBI), under the Ministry of Chemicals and Fertilizers.
Social Benefits: A noteworthy aspect is that many Janaushadhi stores are managed by women entrepreneurs, particularly in regions like Kerala.
Distribution Insights: Presently, 33 percent of these stores are situated in South India. Uttar Pradesh leads with the highest number of Janaushadhi stores, totaling 1,481.
Drug Statistics: Five among the top 10 selling drugs at Janaushadhi kendras nationwide are associated with the treatment of diabetes and hypertension.
About Generic Drugs: Generic drugs have a comparable composition to branded drugs but are produced after the patent expiration. India predominantly operates as a market for branded generic drugs, where various pharmaceutical companies market their own brands of generic molecules.
Low-Cost Advantage:
Trade generics are directly supplied to hospitals and dispensaries, leading to significantly lower prices for non-branded generics due to the absence of marketing costs.
Definition and Distinctions between Generic Medicines and Branded Drugs:
A generic drug is a pharmaceutical product that comprises identical active ingredient(s), dosage form, strength, and therapeutic effect as a reference product but is marketed under a different name.
Comparison of Generic Medicines and Branded Drugs:
Advantages of Using Generic Medicines:
Cost-effectiveness: Generic Medicines are generally more economical than brand-name drugs, enhancing healthcare affordability and reducing financial burdens on patients and healthcare systems.
Increased Access: The availability of Generic Medicines expands access to essential medications, particularly benefiting economically disadvantaged populations.
Equivalent Quality and Efficacy: Generic Medicines adhere to stringent regulatory standards, ensuring bioequivalence to brand-name drugs, thus offering comparable quality and efficacy.
Competition and Innovation: Enhanced competition among generic drug manufacturers can stimulate innovation and lead to reduced prices, benefiting consumers.
Regulatory Mechanisms for Generic Medicines in the Indian Pharmaceutical Industry:
The regulatory framework for Generic Medicines in India is governed by the Drugs and Cosmetics Act, 1940, and Rules, 1945.
Central Drugs Standard Control Organization (CDSCO): CDSCO serves as the national regulatory authority, responsible for reviewing and approving generic drug applications, conducting facility inspections, and ensuring compliance.
National Pharmaceutical Pricing Authority (NPPA): NPPA oversees the regulation of drug prices in India, contributing to the control and maintenance of fair pricing within the pharmaceutical sector.
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We provide offline, online and recorded lectures in the same amount.
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant.
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.