Branded vs Generic drugs: a comprehensive overview
Branded vs generic drugs
- Pharma companies have to do research, test and market the drug to find a new drug.
- As a result, the company has had patent rights to the drug for some time (20 years).
- Drugs made in this way are called branded drugs or standard drugs.
- Any pharmaceutical company that knows the formula of that drug should not manufacture the drug without the permission of the patented company during the patent period.
- Anyone who manufactures or sells patented drugs is punished. That means the company that made the drug first had a monopoly of 20 years.
- In fact, the cost of making the drug does not match the company's sales charge on that drug. The selling price of the drug is several times higher than the cost of manufacture.
- Because the company claims that it costs us a lot of money for "research and clinical trials" to manufacture the drug. The government provides the opportunity for the company.
- After the expiration of the patent period of the first manufacturer of the drug, the same formula can be manufactured and released into the market using the same formulas.
- Pharma companies do not have to do any research or clinical trials to make generic drugs. Therefore, generic drug prices are 30 to 80 percent cheaper compared to branded drugs. They are sold to us at a much lower rate than the printed MRP.
- There is no need to worry about counterfeit drugs as they are getting cheaper and working better. Generic medicines must meet all of the standards for branded drugs. Just like branded drugs, generic drugs work exactly as well.
- But if people become addicted to generic drugs, pharmaceutical companies, pharmaceuticals, and pharmacies are at risk.
- That is why there are rumors that generic drugs do not work as branded drugs. That's not true. Generic medicines work similarly to branded drugs.
- Pharma companies that make branded drugs require doctors to refer them to their branded drugs from time to time through medical representations. If the doctor writes .. These fruits come in many forms, such as free foreign trips, checks, and gifts. This is why branded drugs are so expensive.
- Some doctors prescribe generic drugs. They are available on their hospital premises. Their prices are actually quite low but the prices printed on them are very high. The customer is happy with the 10% discount. That makes the customer happy. But it is 50 to 80 percent cheaper than the printed price.
- For example, the most commonly used drug for fever is "Dolo 650" (Paracetamol 650 mg), which is priced at Rs 29 / - for 15 tablets. The same tablet is manufactured and sold by the Cipla company under the name "Parasip 650", which costs Rs 18 / - per 10 tablets. Paracetamol 650mg in generic medical shops is just Rs 4.50.
- The Diclo Phenac Sodium SR Branded (Voivran) 10 tablets' price is Rs. 51.91 used in pain relief. But the same 10 tablets in generic, Jan aushadhi store is Rs. 3.35 only. 100 ML Branded Cough Syrup is above Rs.33. Generic cough medicine is available at the Jan aushadhi Store for only Rs 13. Paracetamol 500mg is used to reduce fever. The price of 10 tablets in branded is Rs 13. Generic however costs Rs 2.45.
- In short, a generic drug is a drug made according to the basic formula. By the same principle, corporate companies rename and produce drugs. There is a difference in the price of the drug but they are as effective as Branded medicines. The quantity of the drug, the chemical name, and the quality of the product. The label and the brand are changed on it.
- The general public has many misconceptions about generic drugs. There are no systems that explain them. In recent years, there has been a growing awareness of the public.
credit: third party
- Shri Narendra Modi has set up 5000 medical shops in the country through the Janashakthi Scheme. Not only does this provide employment for many, but it also saves the cost of medicines for the poor.
- We need to increase the awareness of generic drugs and use generic drugs as much as possible to stop drug and drug mafia exploitation. ”