Tag: Generic MedicinesBranded instead of Generic?

  • Why should you prefer Medkart for generic medicines? | Trusted generics provider

    Why should you prefer Medkart for generic medicines?

    When was the last time you remember having a detailed conversation about medicines at the pharmacy store? 

    No one does that because buying medicines in India is no less than a transaction. Buyers go with prescription without reading it much and pharma store owners sell the medicines without informing them what the medicine consists. The only thing they do is labeling the dosage (only in some cases) and exchanging money for medicines. At Medkart, we are totally against such transaction-based buying and instead promote education-based buying because we are the one and only trusted generic providers.

    In truth, all the doctors in government hospitals are advised to prescribe only the generic medicines. This is to ensure that the government remains impartial and people are availed affordable medication. Affordable, because we already discussed how medicines are usually cheap but made expensive {link to T.L. Blog 1}. The branded one goes through the whole retail cycle right from manufacturing to distributors and then to retailers via M.R. channel. Everyone earns their bit of share when a single medicine is sold at a pharma store. This includes your doctors, pharma store owner, and M.R. So, when you go to a medical store and buy a branded medicine as per the prescription, you end up paying more for the same content that would cost you 5 to 10 times less if you opt for generic medicines.

    Who will tell you the truth about buying generics? Should You buy generics ?

    When you come to Medkart to buy medicine with a prescription would mean knowing precisely what you purchase and how much you save. We have a 5-step process at Medkart stores to facilitate buyers with the right medicines at cheaper rates.

    Process of buying generic medicines from Medkart

    Step 1: Give us the prescription or tell us a branded medicine name in OTC’s case.

    Step 2: Our store team would help you navigate the content of the branded/prescribed medicines

    Step 3: Providing you with the best possible replacement of branded medicines that will cost less.

    Step 4: Also, help you check the rates of branded medicines to validate the same. You can check out on our website as well. Click here to compare branded with generics.

    Step 5: Educating customers about generics and promoting cost-saving techniques without compromising health.

    Medkart has 30+ stores in India across 9 cities in 3 states of Rajasthan, Gujarat, and Maharashtra. Medkart is one of the trusted store which provides generics at affordable cost. Walk to our store even if you want to get information about generics and assurance about its safety standards, quality, and effectiveness. We believe that only way to eradicate the evil of branded medicine exploiting people for years is through education. The more people know about generics and its relative benefits, the awareness will spread amongst other people through networking. We want to tell them the difference in cost and their savings if someone walks into our store and asks for a branded medicine. For those bound to take daily pills as a routine, the savings are enormous. We promote generics, not for the selfish benefit but to benefit people, to help them save more on medicines.

    Time and again, we have encountered people spending thousands of rupees in branded medicines and totally unaware of generics. It is only when they talk to us that they could have saved more had they visited the store earlier. The idea is to spread the word to the extent that it reaches as many people as possible to cut down on medical expenses. Even if you visit Medkart to buy over the counter drug, we will offer the generic replacement. Our goal to promote better health cost-effectively and we are going strong so far in realizing it.

    About your trusted generic provider – Medkart

    Medkart is a trusted generic provider that offers a wide range of affordable and high-quality medications. As a trusted generic provider, Medkart ensures that all medications are sourced from reputable manufacturers and meet strict quality standards. With a commitment to customer satisfaction, Medkart provides a convenient and reliable way to access essential medications at affordable prices.

    As a trusted generic provider, Medkart offers a range of medications for various health conditions, including diabetes, hypertension, and cholesterol. The medications are available in different strengths and formulations, allowing customers to find the right treatment for their needs.

    Customers can trust Medkart to provide safe and effective medications, as all products are thoroughly tested and approved by regulatory authorities. With a user-friendly website and a team of knowledgeable customer service representatives, Medkart ensures that customers have a hassle-free shopping experience.

    In addition to offering generic medications, Medkart also provides a range of health and wellness products, including vitamins, supplements, and personal care items. This makes it a one-stop-shop for all your health and wellness needs.

    Overall, Medkart is a trusted generic provider that prioritizes customer satisfaction and quality medications. With a commitment to affordability and accessibility, Medkart ensures that customers can access essential medications without breaking the bank.

  • What is the future of Generics? The evolution and road ahead

    What is the future of Generics? The evolution and road ahead

    future of Generics

    Future of generic pharmaceutical industry

    The idea behind manufacturing, procuring, and distributing the generic drug is to ensure equal access to health care and the future sustainable production of drugs. People seek generic drugs as policymakers and other health groups promote the use of generic medicines to minimize health costs while ensuring that funds are made available for new waves of breakthrough medications.

    In the 1920s, people fought against the Spanish Flu pandemic, and Aspirin became one of the most sought-after drugs. And to keep its products out of stock, the German pharmaceutical company lost its American rights of Aspirin that made its use open to the public. That was just the beginning and now the generics are readily available in the market.

    If we consider the history of generics, then it is fair to note that around 40 years back, the drug manufacturers could only perform fewer tests than what is needed now to get the drug approval. The real testing was done once the product was out in the market. The therapeutic drug can be withdrawn if too many patients complain of adverse reactions. The consequence of this method was painfully evident if the Thalidomide was sedative in Europe, Canada, Latin America, Africa, and Asia, causing thousands of catastrophic congenital disabilities.

    The approval of a generic drug is almost the same at the international level while slightly different in developing nations like India. The reason is that the bioequivalence trials (B.E.) are not required in this part of the globe to obtain general approval and the gold standard in the area as in the U.S.

    Unlike India’s other industries like chemical, petrochemical, oil & gas and mining industries, the pharmaceutical industry is one of the most competitive with more than 10,000 firms. It testifies the importance of the market and nations and the robust cooperation of a pharmaceutical ecosystem for many years. The evolution of generics in India is nothing less the coming of the age story as the pharmaceutical sector now boasts some major domestic companies. There are already over 3,000 WHO-GMP licensed plants in India. Also, it is estimated that above 1,500 SMEs will be compliant with WHO-GMP over the next 3 to 4 years, which will help the industry grow. A couple of years back, Indian companies accounted for 35 to 40 % of the total USFDA 971 approvals.

    Such progress in producing the generics means having a 100% competition rate, and that has many other small companies flourish. Now, we see more businesses entering this space and ultimately enabling cheaper medical options for buyers. The floodgates were opened in 1984 when the Competition for the Drug Price and the Patent Term Restoration Act (Hatch-Waxman Law) was adopted.

    After this act, the pharmaceutical industry’s face changed forever as now the prescription of generic medications becomes mandatory for civil hospital doctors. The customers can save crores of rupees 8 to 10 billion per year. From the time when generic Aspirin first reached the stores, we have come a long way. And this is a great relief for customers concerned about the high cost of medicines.

    At Medkart, we are ardent about generic drugs with a vision to make affordable medicines accessible to everyone. On the other hand, we educate people to question the system – hospitals, doctors, pharmaceutical stores, and everyone in the ecosystem. The idea is to create awareness about the generics and knowledge about how branded medicines are made expensive though bearing the same content and manufactured in the same facility. Even at the transaction level, the pharmacists would typically dispense their preferred branded generic. The road ahead is all about awareness and education, where the buyer needs to be sure of the quality that generics offer.

    Future of generic medicines in india

    India is known as the “pharmacy of the world” due to its large production and export of generic drugs. The future of generics in India looks promising, as the demand for affordable medicines continues to rise globally. The Indian government has implemented various policies to support the growth of the generic drug industry, such as the National Pharmaceutical Pricing Authority (NPPA) which regulates the prices of essential medicines, and initiatives to promote the use of generic drugs.

    However, challenges such as increasing competition, regulatory compliance, and intellectual property rights protection may impact the growth of the industry in the future. Nevertheless, India’s strong expertise in generic drug manufacturing and its large pool of skilled professionals give it a competitive advantage in the global market.

    Reasons Why Generic Medicines are Not Prescribed to the Patients

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