Year: 2025
Type: article
Abstract: Generic medicines play a pivotal role in making healthcare more affordable and accessible by offering lower-cost alternatives to branded drugs. These medications contain the same active ingredients, dosage forms, and strength as their brand-name counterparts, and are rigorously regulated to ensure safety and efficacy. This review explores the significance of generic medicines in improving global healthcare by reducing drug costs and enhancing access to essential medications, particularly in resource-limited settings. It also highlights the regulatory frameworks that ensure the quality and bioequivalence of generics, such as those enforced by the U.S. FDA and India’s CDSCO. Despite these benefits, the article discusses challenges such as quality control issues, the potential for market manipulation, and the importance of vigilant regulation to prevent risks to public health. Overall, generic medicines remain a crucial element in the effort to provide safe, effective, and affordable healthcare to populations worldwide.
Authors: (Dr.)Mohd wasiullah (Dr.)Mohd wasiullah, (Dr.)piyush yadav (Dr.)piyush yadav, Sushil Yadav Sushil Yadav, Pratibha Maurya Pratibha Maurya, Ankit Yadav Ankit Yadav
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4411290129