Our comprehensive generic drug purchasing and distribution services deliver the right generic drugs, at the right time, in the right amount and in the right packaging to pharmacies of all types and sizes.
Indian Generics Market:
As India is one of the highest per capita out-of-pocket expenditures’ country, such generics will save a lot of money which can be used for other health issues.[4] In all the countries, use of generic drugs has increased significantly in recent years.
In 2008, the Government of India, through the Department of Pharmaceuticals, started a new initiative “Jan Aushadhi” (a Hindi word literally translated as “Medicine for People”). This program envisaged making unbranded quality medicines available to poor people in the country at a reasonable and affordable price through retail outlets’ setup with the help of the government.
Generic medicines are typically 30%–80% cheaper than originator equivalents. The question raised quite often is “Whether the quality and performance of generic drugs is comparable to the brand drugs?” The proponents of generic drugs claim that they are equally effective as brand or innovator drugs. Subsequent to this claim, the Drugs Technical Advisory Board of India in May 2016 considered amending Rule 65 (11A) of the Drugs and Cosmetics Act, 1940, so that pharmacists can dispense generic name medicines and/or equivalent brands against prescriptions in brand names.
Thus keeping all the concerns of quality in view and understanding the need for Generics in a country like India, we at Ator take caution before adding any generics manufacturer to our portfolio and thus our generics supplier portfolio is limited as we make health of the patient first.