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

Rohit Shivcharan Patil; Swati Samadhan Patil; Kaveri Pradiprao Borse; Dishant Sunil Chaudhari; Mayuri Arun  Chaudhari; Komal Yuvraj  Chaudhari; Pratiksha Bhaiyyasaheb Patil

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

Authors: Rohit Shivcharan Patil, Swati Samadhan Patil, Kaveri Pradiprao Borse, Dishant Sunil Chaudhari, Mayuri Arun Chaudhari, Komal Yuvraj Chaudhari, Pratiksha Bhaiyyasaheb Patil

Unique Paper ID: 165810
Volume: 11
Issue: 1
PageNo: 1750-1758

Keywords: ANDA Brand drugs Drug approval FDA Generic drugs NDA.

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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ISSN: 2349-6002
Volume: 11
Issue: 1
PageNo: 1750-1758

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

Available:https://ijirt.org/Article?manuscript=165810

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