SlideShare ist ein Scribd-Unternehmen logo
1 von 17
“GENERIC MEDICINE A EVOLUTION”
GUIDANCE OF PRESENTED BY
Mrs. B.G.RAM Mr . BAYKAR AJAYANIL
(M.PHARM) (T.Y. B.PHARM)
 Introduction
 Economic
 Patent protection
 Generic product
 Market
 Bioavailability and Bioequvalence
 Meths And Facts
 Advantages
 Drawbacks
 Conclusion
 Reference
A generic drug is defined as "a drug product that is comparable to brand/innovator
drug in dosage form, strength, route of administration, quality and performance
characteristics, and intended use.“ It should contain the same active ingredients as
the original formulation.
According to the FDA, generic drugs are identical or within an acceptable
bioequivalent range to the brand-name counterpart with respect to pharmacokinetic
and pharmacodynamics properties.
The main goal in introducing generic medicines into market was to decrease
prices. After the expiry of patent or marketing rights of the patented drug,generic
drugs are marketed.
Generic drugs are labeled with the name of the manufacturer and the
adopted name (nonproprietary name) of the drug.
Today about 50% of all prescriptions are filled with generic drugs.
Globally india ranks third in term of manufacture pharmaceutical
product by volume.
Thus every drug cost depends upon on the expenditure of the research
and procedures of approval.
WHO says 3.2% Indians will fall below the poverty line will because of
high medical bills. 39 million Indians are pushed to poverty because of ill
health every year. Around 30% in rural India didn’t go for any treatment
for financial constrains.
The prescriptions from branded drugs to generic drugs will lead to the
annual reduction of overall 11% in drug costs.
iiii
In most countries of the world, patents give 20 years of protection.
However, many countries e.g. the European Union and the USA may
grant up to 5 years of additional protection for drugs .
When the patents on a brand-name drug near expiration, drug
companies that want to manufacture a generic can apply to the FDA to sell
a generic version of the drug.
Category Generic Durg Price Branded Durg Price
Painkiller Paracetamol Rs 2.45 Crocin Rs 11
Diclofenacsodium
+Paracetamol
Rs 4.4 Diclogesic Rs 19.40
Antibiotic Amoxyclin Rs 13.2 LMX Rs 40
Remox Rs 38.7
Azithromycin Rs 41.8 Azee Rs 107
Azithral Rs 128.55
Vitamin Folic acid Rs 2.8 Folivite Rs 11.8
B-Complex Rs 1.8 Becosul Rs 11.0
Cardiovascular(Blood
Pressure) Durg
Atenolol Rs 7.0 Aten Rs 23.8
The Indian pharmaceutical market is expected to touch US $72 billion sale by
2020 from US $11 billion.
Sale of generic drugs provides higher profit margins than the sale of branded
drugs ,so it is profitable for the distribution network as well.
India ranks 17th in terms of exports its product to more than 200 countries
around the globe including highly regulated markets of USA, Europe, Japan, and
Australia. The paradox is that despite producing huge pharmaceutical products.
In 2010 India’s share of the generic market
is about 30% out of 71.2% and reached $100
billion.
Hence the contribution of the Indian
pharmaceutical industry for the growth of
generic drugs in the world is very high.
A generic drug is considered to be bioequivalent to
the brand name drug .
The ±20% difference allowed in bioavailability
by the FDA and the ±7% of the stated capsule content
allowed by the U.S. Pharmacopoeia.
The average difference in absorption into the body
between the generic and the brand name was 3.5 percent.
The rate and extent of absorption do not show a
significant difference from the innovator drug .
MYTH 1--
Duplicate drugs
FACT 1--
Due to their change is the brand name or shape of the of dosage shape
packing, some may think the drugs are duplicate.
MYTH 2—
Rejected drugs and fake drugs
FACT 2--
Due to cheap price of the generic drugs, it is generally thought that
generic drugs are rejected form the company that is why they are selling for the
low price.
MYTH 3--
Ineffective drugs:
FACT 3--
People also have a mindset that .costlier will be effective.They think
that there is surely something wrong with the medicine because it is too cheap
MYTH 4--
Brand-name drugs are made in modern manufacturing facilities, and
generics are often made in sub-standard facilities
FACT 4--
Sub-standard facilities are not permitted by the FDA.
 Generic medicine Provide Many Economic Advantages to:-
- Consumer
- Pharmaceutical Business
 It may be supplied by more than one company
 It new regulatory processes to reduce time and cost of generic drug approvals
 This must have the :-
same quality
same safety
same strength
Drawbacks of generic drugs are much smaller than its advantages:-
 There may be some variations during reformulations.
 Some patients may be allergic to new colour, flavour etc.
 Generic drugs are not possible in all the cases. Because it takes long time to
expire any patent.
 During bioequivalence studies, some error may arise which may lead to some
complications More over bioequivalence studies are less accurate than
bioavailability studies.
From this review I have conclude that the main goal in introducing
generic medicines into market was to decrease prices. After the expiry of
patent generic drugs are marketed. about 50% of all prescriptions are filled
with generic drugs.
In India’s share of the generic market is about to 35%. Hence the
contribution of the pharmaceutical industry for the growth of generic drugs
in the world is very high.
The Pharmaceutical market will grew day by day so it is a evolution
1) Bligh J. Tomorrow’s Doctors: extending the role of public health medicine in medical education. Med.
Educ. 2002;201–320.
2) lopez-Casasnovas G, Puig-Junoy J. Review of the literature on reference pricing. Health Policy.
2000:87-123.
3) Berndt, E. R. (2002). "Pharmaceuticals in U.S Health Care: Determinants of quantity and price."
Journal of Economic Perspectives 2002: 45-66.
4) Caves, R. E., Whiston, M. D., Hurwitz, M. (1991). "Patent Expiration, Entry, and Competition in the
U.S. Pharmaceutical industry." Brookings Papers on Economic Activity 1991: 1- 66.
5) Chiarella, C. (1988). "The cobweb model: its instability and the onset of chaos." Economic Modelling
1988: 377-384.
6) Boaden N, Bligh J. Community-Based Medical Education. Towards a Shared Agenda for Learning.
London: Arnold 1999;17–28.
7) Schmidt HG. Preface. In: Schmidt HG, Magzoub M, Felleti G, Nooman Z, Vluggen P, eds. Handbook
of Community- Based Education: Theory and Practices. Maastricht: Network Publications 2000;7–8.
8) Boaden N, Bligh J. Community-Based Medical Education. Towards a Shared Agenda for Learning.
London: Arnold 1999;17–28.
" GENERIC MEDICINE''

Weitere ähnliche Inhalte

Was ist angesagt?

pharmaceutical associations, societies and statutory councils
pharmaceutical associations, societies and statutory councils pharmaceutical associations, societies and statutory councils
pharmaceutical associations, societies and statutory councils
Haniya Zaheer
 
Patient information leaflets
Patient information leafletsPatient information leaflets
Patient information leaflets
Kiran Sharma
 

Was ist angesagt? (20)

pharmaceutical associations, societies and statutory councils
pharmaceutical associations, societies and statutory councils pharmaceutical associations, societies and statutory councils
pharmaceutical associations, societies and statutory councils
 
Central Drug Testing Laboratories & Responsibilities
Central Drug Testing Laboratories  &  Responsibilities Central Drug Testing Laboratories  &  Responsibilities
Central Drug Testing Laboratories & Responsibilities
 
Patient information leaflets
Patient information leafletsPatient information leaflets
Patient information leaflets
 
Pre Clinical Studies
Pre Clinical StudiesPre Clinical Studies
Pre Clinical Studies
 
Good Regulatory Practice.pptx
Good Regulatory Practice.pptxGood Regulatory Practice.pptx
Good Regulatory Practice.pptx
 
Generic drug ppt
Generic drug pptGeneric drug ppt
Generic drug ppt
 
Good Pharmacy Practice
Good Pharmacy PracticeGood Pharmacy Practice
Good Pharmacy Practice
 
Community pharmacy
Community pharmacyCommunity pharmacy
Community pharmacy
 
Brand drug vs generic drug
Brand drug vs generic drugBrand drug vs generic drug
Brand drug vs generic drug
 
OTC DRUGS (OVER THE COUNTER)
OTC DRUGS (OVER THE COUNTER)OTC DRUGS (OVER THE COUNTER)
OTC DRUGS (OVER THE COUNTER)
 
Patient counselling
Patient counsellingPatient counselling
Patient counselling
 
common mobile apps in medical practice
common mobile apps in medical practicecommon mobile apps in medical practice
common mobile apps in medical practice
 
Otc drugs use & sales
Otc drugs use & salesOtc drugs use & sales
Otc drugs use & sales
 
Legal requirements
Legal requirementsLegal requirements
Legal requirements
 
Drug Store Licensing, Drug Regulatory Authority in India and Schedule Related...
Drug Store Licensing, Drug Regulatory Authority in India and Schedule Related...Drug Store Licensing, Drug Regulatory Authority in India and Schedule Related...
Drug Store Licensing, Drug Regulatory Authority in India and Schedule Related...
 
Generic vs branded medicine
Generic vs branded medicineGeneric vs branded medicine
Generic vs branded medicine
 
Preclinical studies
Preclinical studiesPreclinical studies
Preclinical studies
 
Generic drugs and their importance
Generic drugs and their importanceGeneric drugs and their importance
Generic drugs and their importance
 
Drug Information Services
Drug Information ServicesDrug Information Services
Drug Information Services
 
Community Pharmacy
Community PharmacyCommunity Pharmacy
Community Pharmacy
 

Ähnlich wie " GENERIC MEDICINE''

pharma regulatory a
pharma regulatory apharma regulatory a
pharma regulatory a
swapy123
 
Overview of the Pharma industry
Overview of the Pharma industryOverview of the Pharma industry
Overview of the Pharma industry
keyursavalia
 
Zweig powerpoint on Palliative Care in Nursing Homes for Theme Session co-spo...
Zweig powerpoint on Palliative Care in Nursing Homes for Theme Session co-spo...Zweig powerpoint on Palliative Care in Nursing Homes for Theme Session co-spo...
Zweig powerpoint on Palliative Care in Nursing Homes for Theme Session co-spo...
MedicineAndHealthUSA
 

Ähnlich wie " GENERIC MEDICINE'' (20)

pharma regulatory a
pharma regulatory apharma regulatory a
pharma regulatory a
 
Swapnil2
Swapnil2Swapnil2
Swapnil2
 
Generic drug and WTO
Generic drug and WTOGeneric drug and WTO
Generic drug and WTO
 
Presentation
PresentationPresentation
Presentation
 
Indian pharma and generic medicines
Indian pharma and generic medicinesIndian pharma and generic medicines
Indian pharma and generic medicines
 
Drug Bulletin of Nepal
Drug Bulletin of Nepal Drug Bulletin of Nepal
Drug Bulletin of Nepal
 
Generic Medication vs Brand name
Generic Medication vs Brand nameGeneric Medication vs Brand name
Generic Medication vs Brand name
 
What are Generic medicines ????
What are Generic medicines ????What are Generic medicines ????
What are Generic medicines ????
 
E0421024026
E0421024026E0421024026
E0421024026
 
Could Generic Insulin Soon Hit the U.S. Market?
Could Generic Insulin Soon Hit the U.S. Market?Could Generic Insulin Soon Hit the U.S. Market?
Could Generic Insulin Soon Hit the U.S. Market?
 
What you want to know about generic drugs
What you want to know about generic drugsWhat you want to know about generic drugs
What you want to know about generic drugs
 
Overview of the Pharma industry
Overview of the Pharma industryOverview of the Pharma industry
Overview of the Pharma industry
 
Zweig powerpoint on Palliative Care in Nursing Homes for Theme Session co-spo...
Zweig powerpoint on Palliative Care in Nursing Homes for Theme Session co-spo...Zweig powerpoint on Palliative Care in Nursing Homes for Theme Session co-spo...
Zweig powerpoint on Palliative Care in Nursing Homes for Theme Session co-spo...
 
Are there reasons for believing that the profitability of the industry might ...
Are there reasons for believing that the profitability of the industry might ...Are there reasons for believing that the profitability of the industry might ...
Are there reasons for believing that the profitability of the industry might ...
 
How dissimilarly similar are biosimilars
How dissimilarly similar are biosimilarsHow dissimilarly similar are biosimilars
How dissimilarly similar are biosimilars
 
How dissimilarly similar are biosimilars
How dissimilarly similar are biosimilarsHow dissimilarly similar are biosimilars
How dissimilarly similar are biosimilars
 
Myths about generic medicines
Myths about generic medicinesMyths about generic medicines
Myths about generic medicines
 
Generic Drugs Michael Mc Namara May 12
Generic Drugs Michael Mc Namara May 12Generic Drugs Michael Mc Namara May 12
Generic Drugs Michael Mc Namara May 12
 
Tabalates capsules1536151943 791
Tabalates capsules1536151943 791Tabalates capsules1536151943 791
Tabalates capsules1536151943 791
 
Anda
AndaAnda
Anda
 

Kürzlich hochgeladen

Call Girl In Pune 👉 Just CALL ME: 9352988975 💋 Call Out Call Both With High p...
Call Girl In Pune 👉 Just CALL ME: 9352988975 💋 Call Out Call Both With High p...Call Girl In Pune 👉 Just CALL ME: 9352988975 💋 Call Out Call Both With High p...
Call Girl In Pune 👉 Just CALL ME: 9352988975 💋 Call Out Call Both With High p...
chetankumar9855
 
Russian Call Girls Lucknow Just Call 👉👉7877925207 Top Class Call Girl Service...
Russian Call Girls Lucknow Just Call 👉👉7877925207 Top Class Call Girl Service...Russian Call Girls Lucknow Just Call 👉👉7877925207 Top Class Call Girl Service...
Russian Call Girls Lucknow Just Call 👉👉7877925207 Top Class Call Girl Service...
adilkhan87451
 

Kürzlich hochgeladen (20)

The Most Attractive Hyderabad Call Girls Kothapet 𖠋 9332606886 𖠋 Will You Mis...
The Most Attractive Hyderabad Call Girls Kothapet 𖠋 9332606886 𖠋 Will You Mis...The Most Attractive Hyderabad Call Girls Kothapet 𖠋 9332606886 𖠋 Will You Mis...
The Most Attractive Hyderabad Call Girls Kothapet 𖠋 9332606886 𖠋 Will You Mis...
 
Call Girls in Delhi Triveni Complex Escort Service(🔝))/WhatsApp 97111⇛47426
Call Girls in Delhi Triveni Complex Escort Service(🔝))/WhatsApp 97111⇛47426Call Girls in Delhi Triveni Complex Escort Service(🔝))/WhatsApp 97111⇛47426
Call Girls in Delhi Triveni Complex Escort Service(🔝))/WhatsApp 97111⇛47426
 
Trichy Call Girls Book Now 9630942363 Top Class Trichy Escort Service Available
Trichy Call Girls Book Now 9630942363 Top Class Trichy Escort Service AvailableTrichy Call Girls Book Now 9630942363 Top Class Trichy Escort Service Available
Trichy Call Girls Book Now 9630942363 Top Class Trichy Escort Service Available
 
Call Girls Service Jaipur {9521753030 } ❤️VVIP BHAWNA Call Girl in Jaipur Raj...
Call Girls Service Jaipur {9521753030 } ❤️VVIP BHAWNA Call Girl in Jaipur Raj...Call Girls Service Jaipur {9521753030 } ❤️VVIP BHAWNA Call Girl in Jaipur Raj...
Call Girls Service Jaipur {9521753030 } ❤️VVIP BHAWNA Call Girl in Jaipur Raj...
 
Top Rated Hyderabad Call Girls Erragadda ⟟ 9332606886 ⟟ Call Me For Genuine ...
Top Rated  Hyderabad Call Girls Erragadda ⟟ 9332606886 ⟟ Call Me For Genuine ...Top Rated  Hyderabad Call Girls Erragadda ⟟ 9332606886 ⟟ Call Me For Genuine ...
Top Rated Hyderabad Call Girls Erragadda ⟟ 9332606886 ⟟ Call Me For Genuine ...
 
Top Quality Call Girl Service Kalyanpur 6378878445 Available Call Girls Any Time
Top Quality Call Girl Service Kalyanpur 6378878445 Available Call Girls Any TimeTop Quality Call Girl Service Kalyanpur 6378878445 Available Call Girls Any Time
Top Quality Call Girl Service Kalyanpur 6378878445 Available Call Girls Any Time
 
Night 7k to 12k Navi Mumbai Call Girl Photo 👉 BOOK NOW 9833363713 👈 ♀️ night ...
Night 7k to 12k Navi Mumbai Call Girl Photo 👉 BOOK NOW 9833363713 👈 ♀️ night ...Night 7k to 12k Navi Mumbai Call Girl Photo 👉 BOOK NOW 9833363713 👈 ♀️ night ...
Night 7k to 12k Navi Mumbai Call Girl Photo 👉 BOOK NOW 9833363713 👈 ♀️ night ...
 
Best Rate (Patna ) Call Girls Patna ⟟ 8617370543 ⟟ High Class Call Girl In 5 ...
Best Rate (Patna ) Call Girls Patna ⟟ 8617370543 ⟟ High Class Call Girl In 5 ...Best Rate (Patna ) Call Girls Patna ⟟ 8617370543 ⟟ High Class Call Girl In 5 ...
Best Rate (Patna ) Call Girls Patna ⟟ 8617370543 ⟟ High Class Call Girl In 5 ...
 
Call Girls Rishikesh Just Call 8250077686 Top Class Call Girl Service Available
Call Girls Rishikesh Just Call 8250077686 Top Class Call Girl Service AvailableCall Girls Rishikesh Just Call 8250077686 Top Class Call Girl Service Available
Call Girls Rishikesh Just Call 8250077686 Top Class Call Girl Service Available
 
Call Girls Raipur Just Call 9630942363 Top Class Call Girl Service Available
Call Girls Raipur Just Call 9630942363 Top Class Call Girl Service AvailableCall Girls Raipur Just Call 9630942363 Top Class Call Girl Service Available
Call Girls Raipur Just Call 9630942363 Top Class Call Girl Service Available
 
Call Girl In Pune 👉 Just CALL ME: 9352988975 💋 Call Out Call Both With High p...
Call Girl In Pune 👉 Just CALL ME: 9352988975 💋 Call Out Call Both With High p...Call Girl In Pune 👉 Just CALL ME: 9352988975 💋 Call Out Call Both With High p...
Call Girl In Pune 👉 Just CALL ME: 9352988975 💋 Call Out Call Both With High p...
 
Russian Call Girls Lucknow Just Call 👉👉7877925207 Top Class Call Girl Service...
Russian Call Girls Lucknow Just Call 👉👉7877925207 Top Class Call Girl Service...Russian Call Girls Lucknow Just Call 👉👉7877925207 Top Class Call Girl Service...
Russian Call Girls Lucknow Just Call 👉👉7877925207 Top Class Call Girl Service...
 
Model Call Girls In Chennai WhatsApp Booking 7427069034 call girl service 24 ...
Model Call Girls In Chennai WhatsApp Booking 7427069034 call girl service 24 ...Model Call Girls In Chennai WhatsApp Booking 7427069034 call girl service 24 ...
Model Call Girls In Chennai WhatsApp Booking 7427069034 call girl service 24 ...
 
Call Girls Kolkata Kalikapur 💯Call Us 🔝 8005736733 🔝 💃 Top Class Call Girl Se...
Call Girls Kolkata Kalikapur 💯Call Us 🔝 8005736733 🔝 💃 Top Class Call Girl Se...Call Girls Kolkata Kalikapur 💯Call Us 🔝 8005736733 🔝 💃 Top Class Call Girl Se...
Call Girls Kolkata Kalikapur 💯Call Us 🔝 8005736733 🔝 💃 Top Class Call Girl Se...
 
8980367676 Call Girls In Ahmedabad Escort Service Available 24×7 In Ahmedabad
8980367676 Call Girls In Ahmedabad Escort Service Available 24×7 In Ahmedabad8980367676 Call Girls In Ahmedabad Escort Service Available 24×7 In Ahmedabad
8980367676 Call Girls In Ahmedabad Escort Service Available 24×7 In Ahmedabad
 
Mumbai ] (Call Girls) in Mumbai 10k @ I'm VIP Independent Escorts Girls 98333...
Mumbai ] (Call Girls) in Mumbai 10k @ I'm VIP Independent Escorts Girls 98333...Mumbai ] (Call Girls) in Mumbai 10k @ I'm VIP Independent Escorts Girls 98333...
Mumbai ] (Call Girls) in Mumbai 10k @ I'm VIP Independent Escorts Girls 98333...
 
9630942363 Genuine Call Girls In Ahmedabad Gujarat Call Girls Service
9630942363 Genuine Call Girls In Ahmedabad Gujarat Call Girls Service9630942363 Genuine Call Girls In Ahmedabad Gujarat Call Girls Service
9630942363 Genuine Call Girls In Ahmedabad Gujarat Call Girls Service
 
Call Girls Vasai Virar Just Call 9630942363 Top Class Call Girl Service Avail...
Call Girls Vasai Virar Just Call 9630942363 Top Class Call Girl Service Avail...Call Girls Vasai Virar Just Call 9630942363 Top Class Call Girl Service Avail...
Call Girls Vasai Virar Just Call 9630942363 Top Class Call Girl Service Avail...
 
Call Girls Service Jaipur {8445551418} ❤️VVIP BHAWNA Call Girl in Jaipur Raja...
Call Girls Service Jaipur {8445551418} ❤️VVIP BHAWNA Call Girl in Jaipur Raja...Call Girls Service Jaipur {8445551418} ❤️VVIP BHAWNA Call Girl in Jaipur Raja...
Call Girls Service Jaipur {8445551418} ❤️VVIP BHAWNA Call Girl in Jaipur Raja...
 
Premium Bangalore Call Girls Jigani Dail 6378878445 Escort Service For Hot Ma...
Premium Bangalore Call Girls Jigani Dail 6378878445 Escort Service For Hot Ma...Premium Bangalore Call Girls Jigani Dail 6378878445 Escort Service For Hot Ma...
Premium Bangalore Call Girls Jigani Dail 6378878445 Escort Service For Hot Ma...
 

" GENERIC MEDICINE''

  • 1. “GENERIC MEDICINE A EVOLUTION” GUIDANCE OF PRESENTED BY Mrs. B.G.RAM Mr . BAYKAR AJAYANIL (M.PHARM) (T.Y. B.PHARM)
  • 2.  Introduction  Economic  Patent protection  Generic product  Market  Bioavailability and Bioequvalence  Meths And Facts  Advantages  Drawbacks  Conclusion  Reference
  • 3. A generic drug is defined as "a drug product that is comparable to brand/innovator drug in dosage form, strength, route of administration, quality and performance characteristics, and intended use.“ It should contain the same active ingredients as the original formulation. According to the FDA, generic drugs are identical or within an acceptable bioequivalent range to the brand-name counterpart with respect to pharmacokinetic and pharmacodynamics properties.
  • 4. The main goal in introducing generic medicines into market was to decrease prices. After the expiry of patent or marketing rights of the patented drug,generic drugs are marketed. Generic drugs are labeled with the name of the manufacturer and the adopted name (nonproprietary name) of the drug. Today about 50% of all prescriptions are filled with generic drugs.
  • 5. Globally india ranks third in term of manufacture pharmaceutical product by volume. Thus every drug cost depends upon on the expenditure of the research and procedures of approval. WHO says 3.2% Indians will fall below the poverty line will because of high medical bills. 39 million Indians are pushed to poverty because of ill health every year. Around 30% in rural India didn’t go for any treatment for financial constrains. The prescriptions from branded drugs to generic drugs will lead to the annual reduction of overall 11% in drug costs.
  • 6. iiii In most countries of the world, patents give 20 years of protection. However, many countries e.g. the European Union and the USA may grant up to 5 years of additional protection for drugs . When the patents on a brand-name drug near expiration, drug companies that want to manufacture a generic can apply to the FDA to sell a generic version of the drug.
  • 7. Category Generic Durg Price Branded Durg Price Painkiller Paracetamol Rs 2.45 Crocin Rs 11 Diclofenacsodium +Paracetamol Rs 4.4 Diclogesic Rs 19.40 Antibiotic Amoxyclin Rs 13.2 LMX Rs 40 Remox Rs 38.7 Azithromycin Rs 41.8 Azee Rs 107 Azithral Rs 128.55 Vitamin Folic acid Rs 2.8 Folivite Rs 11.8 B-Complex Rs 1.8 Becosul Rs 11.0 Cardiovascular(Blood Pressure) Durg Atenolol Rs 7.0 Aten Rs 23.8
  • 8. The Indian pharmaceutical market is expected to touch US $72 billion sale by 2020 from US $11 billion. Sale of generic drugs provides higher profit margins than the sale of branded drugs ,so it is profitable for the distribution network as well. India ranks 17th in terms of exports its product to more than 200 countries around the globe including highly regulated markets of USA, Europe, Japan, and Australia. The paradox is that despite producing huge pharmaceutical products.
  • 9. In 2010 India’s share of the generic market is about 30% out of 71.2% and reached $100 billion. Hence the contribution of the Indian pharmaceutical industry for the growth of generic drugs in the world is very high.
  • 10. A generic drug is considered to be bioequivalent to the brand name drug . The ±20% difference allowed in bioavailability by the FDA and the ±7% of the stated capsule content allowed by the U.S. Pharmacopoeia. The average difference in absorption into the body between the generic and the brand name was 3.5 percent. The rate and extent of absorption do not show a significant difference from the innovator drug .
  • 11. MYTH 1-- Duplicate drugs FACT 1-- Due to their change is the brand name or shape of the of dosage shape packing, some may think the drugs are duplicate. MYTH 2— Rejected drugs and fake drugs FACT 2-- Due to cheap price of the generic drugs, it is generally thought that generic drugs are rejected form the company that is why they are selling for the low price.
  • 12. MYTH 3-- Ineffective drugs: FACT 3-- People also have a mindset that .costlier will be effective.They think that there is surely something wrong with the medicine because it is too cheap MYTH 4-- Brand-name drugs are made in modern manufacturing facilities, and generics are often made in sub-standard facilities FACT 4-- Sub-standard facilities are not permitted by the FDA.
  • 13.  Generic medicine Provide Many Economic Advantages to:- - Consumer - Pharmaceutical Business  It may be supplied by more than one company  It new regulatory processes to reduce time and cost of generic drug approvals  This must have the :- same quality same safety same strength
  • 14. Drawbacks of generic drugs are much smaller than its advantages:-  There may be some variations during reformulations.  Some patients may be allergic to new colour, flavour etc.  Generic drugs are not possible in all the cases. Because it takes long time to expire any patent.  During bioequivalence studies, some error may arise which may lead to some complications More over bioequivalence studies are less accurate than bioavailability studies.
  • 15. From this review I have conclude that the main goal in introducing generic medicines into market was to decrease prices. After the expiry of patent generic drugs are marketed. about 50% of all prescriptions are filled with generic drugs. In India’s share of the generic market is about to 35%. Hence the contribution of the pharmaceutical industry for the growth of generic drugs in the world is very high. The Pharmaceutical market will grew day by day so it is a evolution
  • 16. 1) Bligh J. Tomorrow’s Doctors: extending the role of public health medicine in medical education. Med. Educ. 2002;201–320. 2) lopez-Casasnovas G, Puig-Junoy J. Review of the literature on reference pricing. Health Policy. 2000:87-123. 3) Berndt, E. R. (2002). "Pharmaceuticals in U.S Health Care: Determinants of quantity and price." Journal of Economic Perspectives 2002: 45-66. 4) Caves, R. E., Whiston, M. D., Hurwitz, M. (1991). "Patent Expiration, Entry, and Competition in the U.S. Pharmaceutical industry." Brookings Papers on Economic Activity 1991: 1- 66. 5) Chiarella, C. (1988). "The cobweb model: its instability and the onset of chaos." Economic Modelling 1988: 377-384. 6) Boaden N, Bligh J. Community-Based Medical Education. Towards a Shared Agenda for Learning. London: Arnold 1999;17–28. 7) Schmidt HG. Preface. In: Schmidt HG, Magzoub M, Felleti G, Nooman Z, Vluggen P, eds. Handbook of Community- Based Education: Theory and Practices. Maastricht: Network Publications 2000;7–8. 8) Boaden N, Bligh J. Community-Based Medical Education. Towards a Shared Agenda for Learning. London: Arnold 1999;17–28.