Casting Light on Potential: A Thorough Examination of the Effectiveness, Challenges, and Future of Generic Medicines

  • Unique Paper ID: 165810
  • Volume: 11
  • Issue: 1
  • PageNo: 1750-1758
  • Abstract:
  • Generic drugs, mirroring brand-name counterparts in composition and efficacy, offer substantial cost savings by circumventing expenses associated with research, development, and marketing. In India, despite economic advantages, challenges persist due to limited awareness of regulatory standards. However, initiatives promoting generic substitution are gaining traction among healthcare providers. Globally, the introduction of generics has revolutionized healthcare accessibility, especially benefiting marginalized populations. Governments advocate for generic use, emphasizing comparable clinical benefits to brand-name drugs at reduced costs, enabled by streamlined regulatory pathways prioritizing bioequivalence.

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