A generic drug is identical--or bio equivalent--to a brand name drug in dosage form, safety, strength, route of administration, quality, performance characteristics and intended use. Although generic drugs are chemically identical to their branded counterparts, they are typically sold at substantial discounts from the branded price. The price of generic medicines vary and the generic drug with the same Active Pharmaceutical Ingredient i,e.
API can vary just like the branded ones. the price of Some of the generic medicines are almost equalent to their Branded counter part and some are even cheaper than their counter branded part and some of the generic medicines are even costlier than their branded counter parts. During October 2004 to January 2005, six surveys were undertaken simultaneously in five States of India to assess medicine prices and availability of essential medicines (n =…
