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We live in an age when all the businesses are aggressively motivating their customers to use their product and come under their service umbrella. As a living being medical service is one of the necessities for all of us and we spend a lot in healthcare sector every year.
In a survey it is estimated that we spend nearly 70% of our healthcare expenditure on Medicines. Many patients and their families lose their lifetime savings due to some exorbitant healthcare costs. This really concerning for people like us of developing countries spend so much unjustified amount to get equivalent medical and healthcare products.
To address that problem one of the most simplest solution is to go for Generic Drugs which are Bio Equivalent to Innovator Drugs with a much cheaper price.
In pharmaceutical Industry there are mainly two type of drugs
Innovator Drug
This type of composition which is build up from scratch through some rigorous research, trial-
tests, approval and regulatory process. All these mandatory steps costs a lot to the Inventing Company. Once the molecule is passed through testing phases, a patent is granted to the company for his exclusive right to manufacture/market/sell the product for some limited time (Mostly 20Yrs).
During this period the company try to make up for his research and product development cost by collecting it from the consumers.
Generic Drug
This the other type of medicines which are basically copies of originally researched drugs, but at much lower prices. A few years post the launch of a new drug by a pharma company, the patent on it expires. That is when copies of the drugs are manufactured and sold by non-original makers at much cheaper rates.
Generic drugs are bioequivalent to the original drug, which means that a generic medicine works in the same way and provides the same clinical benefits as its original counterpart.
Why Generic medicines?
Generic medicines play a key role in providing cost effective health care and their use is increasing worldwide. Prescription audits have shown that generic medicines account for over 80 per cent of medicines prescribed in countries such as USA, UK, China and Australia. India is one of the largest exporter of generic medicines worldwide. It accounts for nearly 20 percent of the volume of global generic drugs exports.
Lets have a comparative study of cost effectiveness of INPN generics over Branded Medicines.
Here is a sample prescription to a patient who was suffering from common cold symptoms for few days. We have enlisted the original medicines doctor prescribed and as well as the equivalent Generic medicines with their cost.
You can clearly see then a transfer to generic drugs drastically reduces the medicine cost of same prescription. If not fully, a partial transfer to generic medicine may reduce the medicine cost upto 60% on any typical doctor’s prescription.
Is generic safe and dependable?
This is a common question that comes to our mind when there is a negotiation with cost. Generic medicine is a pharmaceutical product which is bioequivalent to the patent product regarding dosage form, strength, route of administration, quality, safety, performance characteristics and intended use. Medicines which are manufactured from GMP certified manufacturers are always best option to go for.
Where can I get Generic Drugs as perDoctor’s Prescription?
We SAHOO ENTERPRISE a well known pharma dealer in Math Chandipur supply generic medicines as per doctors Prescription through our retail chain SAHOO MEDICAL STORES. We offer comprehensive generic drugs as well as brand name medicines.
SAHOO MEDICAL STORES offer all types of Pharma/Ortho/Beauty Products and Vaccines. Here we offer consultation on Generic Medicines and Healthcare products.
Visit our store any time and get all medicines with competitive discounts.