It is true that about $ 800 million are spent for a drug to finally get on the market which takes between 15-20 yrs to happen if a drug even makes it that far..
.I know this is true in the U.S. but does India have such a stringent approval process is my question...Because even if you were to bring a drug here to the U.S. from a foreign country, it can legally only be a certain amount of months' supply because those foreign country's drugs aren't FDA approved...Nevertheless you can never deny the the amount of time and money that goes into R&D...Most of the general population is unaware of this...Brand name manufacturers have to make back the money spent to get that drug on the market...you're paying for R&D...But of course its a boon to have generic companies who offer drugs at lower prices simply because those lower prices are profitable and affordable for them
And another thing, the active ingredient in brands and generics are the same but the inactive ingredients are different...For the most part, they have the same efficacy...but it all depends on how your body metabolizes the drug which varies from person to person
People tend to trust brand names more and therefore are willing to pay more but they remain misinformed that generic means lower quality...its about time people are educated about the nature of drugs
I personally wouldn't discredit what was said on the show until I had full knowledge of India's drug approval process and the amount of money spent in R&D
Edited by sumonetolub - 13 years ago