India is already the world's pharmacy, exporting quality generic medicines and vaccines, said Henk Bekedam, WHO India head.
As the government gears up to push generic medicines to bring down costs for patients, World Health Organisation (WHO) representative in India, Henk Bekedam has stated that the move, if successfully implemented, will not only reduce the cost of medicines within the country but also globally.
The story of generics versus branded medicine being used to treat patients all over the world is not new.
Prime Minister Narendra Modi on Monday indicated that his government may bring in a legal framework under which doctors will have to prescribe generic medicines, which are cheaper than equivalent branded drugs, to patients.
"Supply of generic medicines, which are much cheaper than branded medicines, would be made available as pilot project at IGMC Shimla and RPMC Tanda in Kangra and subsequently extended to all zonal hospitals soon," State Health Minister Kaul Singh Thakur said.
Drugmaker Lupin on Monday beat estimates with a 42 percent growth in quarterly net profit and announced the acquisition of a Netherlands-based company that provides technology to develop injectable products.
A senior official in the union health ministry Friday said the World Health Organisation's (WHO) India Representative Nata Menabde had written to the ministry denying that any report from WHO claimed that a third of cheap generic drugs produced in India were counterfeit.