Leading generics pharmaceutical company
According to the Association for Accessible Medicines 2019 report with data from IQVIA, generic drug savings totaled $293 billion in 2018, which resulted in a 10-year savings of almost $2 trillion. Other key findings include that 4 billion generic prescriptions were filled across the U.S. in 2018, which is 90% of all dispensed prescriptions. Additionally, 95% of […]
Cost of branded drugs almost 14% below average in 50 countries surveyed Irish patients pay over six times the international average for generic drugs while branded medicines cost less than the average, according to a new survey. Ireland has the lowest price for the erectile dysfunction drug Viagra of the 50 countries included in the […]
Here’s what to look out for — other than the packaging Prescription drug costs are an issue for millions of Americans, many of whom use prescription medicine on a daily basis. And since Medicare doesn’t always cover brand-name drugs, it’s worth giving some thought to what exactly, if any, are the differences between brand name and […]
In the 56th meeting of the DCC, it was proposed that Registered Medical Practitioners (RMP) shall supply ‘generic medicines’ only. New Delhi: To promote usage of generic medicines, the Central Drugs Control Standard Organisation’s (CDCSO)- Drug Consultant Committee (DCC) has proposed that doctors should prescribe only generic instead of branded medicines to patients. In the […]
Cases of thyroid cancer are on the rise in the United States, and experts want you to know how people at high risk for the disease can detect it early. According to the American Cancer Society, 54,000 new cases will be diagnosed in the United States in 2018. And three out of four of these […]
In line with the government’s vision of affordable and accessible healthcare for all, it would be worthwhile for public and private players to come together and work on a roadmap to resolve some of these teething issues. Siddharth Gadia and Girish Agarwal, Founders, Generico, give an insight 62-year-old Bhagat (name changed upon patient’s request) […]
The FDA has issued a statement to promote the development of complex generic drugs to ensure access for patients and healthy drug competition The FDA has released a statement highlighting practices to improve the development of complex generic drugs in order to promote drug competition and patient access. The FDA Commissioner Scott Gottlieb wrote: […]
Generic drugs can lower the cost of health care for millions of Americans. But hundreds of them have yet to make their way to consumers, even after government approvals. The Trump administration has been trumpeting a huge increase in FDA generic drug approvals the past two years, the result of its actions to streamline […]
LETTERS- The current debate on generic drug use is neither new nor unique to Kenya. Globally, there is a lot of debate and discussion about generic and branded medicines. The question has always been about the authenticity of generic drugs— if they can safely be substituted for the more expensive brand names. Locally, one […]
Too many patients are being priced out of the medicines they need. While FDA doesn’t have a direct role in drug pricing, we can take steps to help address this problem by facilitating increased competition in the market for prescription drugs through the approval of lower-cost, generic medicines. Over the last decade alone, competition from […]
Department of Health says ‘generic’ pills provide better value for money. Patients choosing brand-name medication can expect to pay the difference. Healthcare facilities in Abu Dhabi will this weekend begin dispensing “generic” medicines rather than brand-name drugs in a push to provide better value for money in the healthcare system. The Department of Health […]
The difference in spending by Medicare on brand-name combination medications and the cost of the equivalent generic constituents was an estimated $925 million for 2016, according to results of a study published in JAMA. Additionally, a cumulative savings of $2.7 billion was calculated from 2011 to 2016. Investigators of this retrospective analysis sought to estimate the […]
Centre directs all outlets to display generic medicines separately! The State may soon see supply of generic medicines to patients at all the government-run hospitals thanks to the initiative taken by the Central Drugs Standard Control Organisation under the Union Health Ministry. The State has entered into an agreement with a public sector company […]
Conceived by the UPA government as “Jan Aushadhi Scheme” in 2008 in order to provide quality medicine at affordable prices to all, the scheme has undergone major revamping and restructuring under the Narendra Modi led NDA government and has become one of the most popular schemes of the current government. The scheme was renamed as […]
He said generic medicines have so far captured six per cent of the market in the pharmaceutical sector. July 24, 2018, 14:50 IST NEW DELHI: Not a single case of poor quality of generic drugs have been reported from the nearly 4,000 centres across India selling such medicines, union minister Mansukh Mandaviya said in Lok […]
Today, this industry alone amounts to the US $6.5 trillion globally. Even though healthcare has emerged as one of the most powerful industry, affording it has become difficult. With the advancements in technology and research, the healthcare industry across the world has seen an exponential rise in its expenses over the past years. Today, […]
