What is Generic Drugs?
Generic Drugs are those drugs which are marketed under a non-proprietary or approved name rather than a proprietary (Patent) or brand name. Generic drugs are equally effective and inexpensive compared to their branded counterparts. E.g.:- Crocin contain the molecule Paracetamol and market with the brand name of crocin while generic version also contain molecule Paracetamol and market with the name of paracetamol only.
What is meant by Patent?
It’s a government authority or licence conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.
Why Generic drugs are cheaper?
Generic makers don’t face the same costs as manufacturers of brand-name drugs as they often invent the drug, a process that can cost hundreds of millions of dollars. The rationale behind drug patents: They give pharmaceutical companies a period of years when only they can make money on a product in which they have made a large investment. That investment also includes advertising. For a generic manufacturer, no such investment is required — not in development and not in marketing. The drug’s formula is known, the clinical trials are complete; the generic maker’s only requirement is to demonstrate to regulators that its version is as good and effective in humans as the original. That is an enormous economic advantage for these companies, which is why their drugs are much cheaper.
Why do brand-name drugs look different from their generic versions?
Government Patent Law do not allow a generic drug or medicine to look exactly like other drugs already on the market. Generic medicines and brand-name medicines share the same active ingredient, but other characteristics, such as colors and flavourings, that do not affect the performance, safety, or effectiveness of the generic medicine, may be different.
What is Davaindia Generic Pharmacy?
Davaindia Generic Pharmacy a chain for generic pharmacy retail outlets across India established in 2017 with the aim to provide affordable and quality medicine to all and doing that have provided Happiness of Good Health for all. Davaindia Generic Pharmacy is a division of Zota healthcare Ltd. (established in 1995) offering Generic Pharmacy franchisee across India with the aim to provide affordable and quality medicine for all.
How many Davaindia Generic Pharmacy open till date and at what location?
Currently we have more than 550 + operational store, 25-30 are in execution process and our presence in 13 states, such as Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Kerala, Madhya Pradesh, Maharshatra, Odisha, Rajasthan, Tripura, Uttar Pradesh, Uuttarakahnd. Our mission is to open 3000 store by the year of 2022.
Can I directly buy the alternative that you have suggested?
A Doctor’s prescription is required to get a generic medicine, the OTC medicines can be bought directly from the counter.
How is the quality, safety and efficacy of medicines ensured?
The quality, safety and efficacy of medicines are ensured by getting each batch of medicines tested from NABL approved laboratories and conforming to the required standards before the same are supplied via the supply chain to the various outlets. Does FDA monitor side effects or safety issues with generic medicines? Yes. After FDA approves any medicine, including generics, it continues to examine the medicine's safety. FDA takes several actions to ensure safety and quality before and after a new or generic medicine is marketed.
What standards must generic medicines meet to receive FDA approval?
FDA's Office of Generic Drugs reviews the application and make sure the generic medicine with the following standard; • The active ingredient in the Generic drug is the same as that of the brand-name drug/innovator drug • The generic medicine is the same strength • The medicine is the same type of product (such as a tablet or an injectable) • The medicine has the same route of administration (such as oral or topical • It has the same use indications • Generic drug companies must submit evidence that all the ingredients used in their products are acceptable, and FDA must review that evidence • (Except Color, flavouring etc. which does not affect the performance of the medicine) • It lasts for at least the same amount of time • It is manufactured under the same strict standards as the brand-name medicine.
Where can I get more information about Generic medicine?
You consult to pharmacist, doctors or Davaindia Product care department for more information.
Are Generic Drugs as effective as branded drugs?
Yes, The generic drugs have similar efficacy and therapeutic value as that of the branded medicines.
What types of products Davaindia can provide?
We have total 1500+ products available, which includes “Generic medicine, Health & Wellness, OTC, Cosmetics, Nutraceuticals, Protein Supplements & Ayurvedic.”
How do generic medicines benefit the patients?
By taking generic medicines, a patient can save upto 90% on your medicine expenses. As the medicines are available at an affordable price
If there is any side effect, what should I have to do? Can I return the medicine?
As Generic medicine are similar in safety and effectiveness. Our each products are “COA (Certificate of Authenticity) certified”. Regarding quality complain and concern you can contact to “Product care department” on +91 990 470 9558. If need, they will make you available the “COA certificate” also. And if still you are not satisfy, you can return those medicine to our respective store, from where you purchased and write to us at email@example.com with the details to verify and take corrective action.
How should I inquire on medicine requirement?
Please download the davaindia application to find alternative to your branded medicine, you can buy it online from the application or locate a davaindia store near you and speak to the pharmacist there for more information.
Doctor does not prescribe & suggest Generic medicine, so are they safe?
Somehow,we don’t agree with you. We have few clients, who are doctors by profession. Even Medical Council of India (MCI) generated a circular dated 21st July 2017 stating that Every Physician should prescribe drugs with generic name legibly and preferably in capital letters and he / she shall ensure that there is a rational prescription and use of drugs. Also, the biggest initiative taken by government of India, through Jan Aushadhi Kendra, people started being aware about benefits of generic medicines and are asking for the same from pharmasists.
What are the documents required to take up a davaindia franchise?
Drug Licenese. Pan Card Aadhar Card What is the investment amount? Approximately 3.6 Lacs
What all other things are required?
A store space of 120 Sq ft. Pharmasist License
Is the stock returnable?
We have a 90 day return policy for the 1st stock billed, later it is only if damaged in transit or any other operational concern.
How much time does it take for a store to be operational?
If all documents are correct and we have DL and store in place we can open a store in max 45 days