We’re looking for like minded people who are willing to help us spread the mission of providing the best quality generic drugs to the people. So if you’re a social entrepreneur who is driven by our cause and wants the freedom of your business. Being our franchise enables you to use our wide reach, credible name and demand in market, so that you don’t have to begin from the scratch. We’ll help you throughout the entire process. To know more read our detailed PDF that will guide you with the process.
Currently most of our stores are based in Karnataka. We’re looking forward to expand our network nationwide and make GenericPlus a household name. No matter what state you are in all states can’t afford the hefty price of branded medicines and everyone loves affordability.
A generic drug is a medication created to be the same as an already marketed brand-name drug in dosage form, safety, strength, route of administration, quality, performance characteristics, and intended use. These similarities help to demonstrate bioequivalence, which means that a generic medicine works in the same way and provides the same clinical benefit as itsbrand-name version. In other words, you can take a generic medicine as an equal substitute for its brand-name counterpart.
Why is Government of India promoting Generic Drugs?
The Government wants to reach the generic medicines at affordable prices to the masses. One of the ways the Government is doing this is by establishing ‘Pradhan Mantri Bhartiya Janaushadhi’ outlets across the country.
YES. Any generic medicine modelled after a brand-name medicine must perform the same in the body as the brand-name medicine. This standard applies to all generic medicines. A generic medicine is the same as a brand-name medicine in dosage, safety, effectiveness, strength, stability, and quality, as well as in the way it is taken and the way it should be used. Generic medicines use the same active ingredients as brand-name medicines and work the same way, so they have the same risks and benefits as the brand-name medicines. Drug Controller General of India (DCGI) conducts a rigorous review to make certain generic medicines meet the prescribed standards. CDGI monitors drug safety after the generic medicine has been approved and brought to market.
Who approves all the drugs in India?
All medicines (Branded and Generic) in India have to be approved by Drug Controller General of India.
Generic drugs or medicines become available only after a rigorous review by Drug Controller General of India (DCGI) and after a set period of time that the brand-name version has been on the market exclusively. This is because new drugs, like other new products, are usually protected by patents that prohibit others from making and selling copies of the same drug. The patent protects the company&#39;s investment in the drug&#39;s development by giving the company the sole right to sell the drug while the patent is in effect. Because it takes a long time to bring a new drug to market, this period of exclusivity allows drug companies to recoup the costs associated with bringing a new drug to market.
Generic drugs also tend to cost less than their brand-name counterparts because generic drug applicants do not have to repeat animal and clinical (human) studies that were required of the brand-name medicines to demonstrate safety and effectiveness.
Trademark laws in India do not allow a generic drug or medicine to look exactly like other drugs already on the market. Generic medicines and brand-name medicines share the same active ingredient, but other characteristics, such as colors and flavorings, that do not affect the performance, safety, or effectiveness of the generic medicine, may be different. It is important to note that there will always be a slight, but not medically important, level of natural variability—just as there is for one batch of brand-name medicine compared with the next batch of brand-name product. This variability can and does occur during manufacturing, for both brand-name and generic medicines. When a medicine, generic or brand-name, is mass produced, very small variations in purity, size, strength, and other parameters are permitted.
The answer is YES. Please ask the pharmacist in any of our GenericPlus outlets and they will help you to find a generic version. Alternatively you can find the equivalent generic drug yourself on this website: http://www.medguideindia.com/ If you are unable to locate a generic version of your brand-name medicine, it may be that the brand-name medicine is still within the period of time when it has exclusive rights to the marketplace, to allow drug companies to recoup their costs for the initial research and marketing of the brand-name or innovator drug. It is only after both patent and other periods of exclusivity are resolved government will approve generic versions of the medicine.
Can I buy generic medicines without a prescription?