You must have seen some dull-looking medicine packages at the bottom shelf in a grocery store. They are the inexpensive generic versions of the original brand products. Some of the shoppers doubt on its credibility because of its low prices.
Read this article and get to know about the truth about generic drugs. You will also come across some of the best generic medicine companies in India.
What Are Generic Medicines?
Generic medicines are the replicas of the original branded drugs. When the patent for innovative medicines is exhausted, the brand has no exclusive right in manufacturing the drug. Other companies can produce their versions and sell them.
The generic medicines have the same type and quantity of an active ingredient but differ in the proportion of inactive ingredients.
They appear slightly different than the original ones(like in shape, color, etc.), and are sold with a different name.
The cost of generic medicines is much lower as compared to the original version of them.
Are They Safe?
All the generic medicines are approved by the FDA (Food and Drug Administration) before they introduced on the market.
The medicines need to be reliable, stable, pure, and of high quality to get the approval of the FDA. It has the same active ingredients and works similarly to the original branded medicines.
Also, it provides patients with the same advantages and risks as the original ones.
Are Generic Medicines Always Cheaper?
Yes, usually, generic drugs are inexpensive. But, when the first generic versions of any branded medicine are introduced, the prices are high. Although not as expensive as the original product.
It happens because FDA assigns a “180-day exclusivity” whosoever first files ANDA(Abbreviated New Drug Application). During these six months, there is probably less or no competition for the drug in the market. The manufacturers increase the price according to the demand to reap maximum benefits.
Also Read: All You Want To Know About Fildena
What Are The Best Generic Medicines Manufacturers In India?
There are several generic manufacturers in India. Following is the generic medicine company name list:
1. Teva Pharmaceutical Industries
Teva is a Hebrew word that means “nature.” The company Teva Pharmaceutical Industries is one of the largest pharmacies and is the 15th largest pharmacy in the world. It is efficient and manufactures top-quality drugs on a global scale.
It is an Israel-based multinational pharmacy and was established in the year 1901. It has dual headquarters - Petah Tikva, Israel & Perispenny, New Jersey.
The company specializes in the production of generic drugs but has other areas of interest as well. It includes Active Pharmaceutical Ingredients(API) and A Corporate Culture Of Caring.
The R&D Capabilities of the company extends over:
2. Sandoz, A Novartis Division
Sandoz is the leading manufacturer of generic medicines and biosimilars. It sells products and services in more than a hundred countries in the world.
Sandoz is a division of Novartis and works with a motive of improving overall health and longevity. They continually develop new approaches to offer quality healthcare assistance to their customers.
The company ranks 1st worldwide in biosimilars and generic products, transplantation drugs, and dermatology.
Other areas of specialization include:
- Hormone-related treatment
It is a global pharmaceutical and biotechnology company, established in the early 1960s. It provides quality medicines at affordable prices to ensure the good health of its customers.
The company is headquartered in Mumbai, India. It yields more than half of its revenue from Europe.
Wockhardt has manufacturing plants in the following regions:
Some of their products are listed below:
- Depiwhite Eye Control Gel
4. Fresenius Kabi
It is a global healthcare organization, established in the year 1955. It manufactures life-saving drugs and technologies for clinical nutrition, infusion, and transfusion.
They develop products and services to treat people who are chronically or critically ill. The therapeutic areas of the company include:
- Liver and Renal Insufficiency
- Blood Volume substitution
5. Torque Pharmaceuticals
Torque pharmaceuticals is a leading pharmacy growing at a rapid pace. It was established in the year 1985 and is headquartered in Chandigarh, India.
The company offers high quality, affordable, and innovative solutions in medicine and treatment. The reason why most of the people prefer shopping with this company are as follows:
- Best quality products and services
The category of products manufactured by the Torque Pharmaceuticals include:
Cipla is a pharmaceutical and biotechnology company that has its headquarters in Mumbai, India. The company manufactures drugs to treat cardiovascular, respiratory, diabetes, arthritis, depression and weight control, etc.
Following factors make the company popular:
7. Centurion Laboratories
It is one of the top exporter and manufacturer of pharmaceutical products in India, which was established in the year 2006. It provides various categories of products including painkillers, anti-allergic, antiseptic, psychiatric, and cardiovascular drugs. The company sells its products and services across a wide array of nations.
Tags: Top 100 Generic Pharmaceutical Companies, Generic Manufacturing, List Of Generic Companies In India, List Of Generic Medicine
Elina is a general health writer for Cheap Medicine Shop and holds a diploma in health and fitness studies. She hails from Canada and is specialized in writing about a plethora of diseases, diets and more. Apart from being an ardent writer, Elina is also a dedicated reader and no literary discussion at the workplace is complete without her insightful participation.