Recently, the popular domestic movie "Can't survive" not only brought tears to countless audiences, but also made the word "generic drug" a hot topic. What is a generic drug? Simply put, it is a "real medicine" that does not have a patent. The original drug is hard to buy at a sky-high price, and the generic drug with the same curative effect and low price naturally has a great market. When it comes to generic drugs, we have to talk about India, the "world pharmacy" that dominates the world by it.
In India, the cost of producing generic drugs is more than 60% lower than that of the United States, which makes Indian generic drugs have an absolute advantage in export. A large number of Indian generic drugs are exported to the United States, which has also brought a big impact to the generic drug industry in the United States. But in recent years, Indian generic drugs have suffered a sudden change in the US market. The most direct reason is that the FDA has accelerated the approval of generic drugs, and Indian generic drug companies have more competitors.
Why are generic drugs that "bow" in other countries "open" in India? There is a top-down "high-priced drug counter-measure". India has always adhered to the "drug compulsory licensing system", that is, Indian pharmaceutical companies can copy expensive drugs from western countries with the authorization and permission of the Indian government. Before Modi's government, India had launched the "Jan Aushadhi Government Plan" to encourage pharmacies to sell commonly used life-saving drugs. 20 14 After Modi's government came to power, it continued to promote this plan, allowing 3,000 pharmacies to sell "generic drugs".