Facts about Generic Drugs

A Generic Drug is "a drug product that is comparable to a brand/reference

listed drug product in dosage form, strength, quality and performance characteristics, and intended use." As defined by Centre for Drug Evaluation and Research, U.S. FDA.

Generic Drugs are much cheaper than Branded Drugs, this is because the manufacturers of Generic Drugs, do not spend for the Research and Development of the Drug, nor do they spend for the clinical trials which are required to get any Drug approved for public Consumption.

India is the leading Manufacturer of Generic Drugs, due to the Patents Act passed in 1970, which removed Patents on the Composition of Food and Drugs, which allowed reverse – engineering of Branded Drugs to provide the world with low cost Generic Drugs. The Generic Drug industry is currently assessed at $15 Billion.

Indian made generic drugs have reduced the cost of medicines around the world, and major US and European Pharmaceutical Companies, have been lobbying their governments into changing what the Pharmaceutical giants consider attacks on their patents.  India and the EU are currently locked in a trade row over an EU ban, on 700 Indian Generic Drugs.

Globally, programs run by UNICEF, UNITAID, Doctors without Borders, all rely on quality Generic Drugs, which are a fraction of the cost which the Drug Companies that develop the drug charge. Most of these programs depend on the Indian Generic Drug Industry for their medical supplies to treat diseases and Conditions like TB, Malaria, HIV/AIDS, infectious diseases, in some of the poorest countries in world.

If you feel that you have been purchasing the more expensive Branded Drug, check the Generic Vs. Branded drug lists and prices that are available online. And you could purchase your next medication at a much cheaper cost.

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