Indian pharmaceutical companies are
highly efficient and tremendously growing
What are patent drugs or patent medicine?
Patent is license handled by government
agency that gives the holder exclusive rights to a new invention for a certain period
of time. Like in USA patent time is valid for 20 years. The benefit of patents
is it provides incentive to keep going research and development of new products
and services without any fear of competition around.
The patented drugs are expensive on account
of excessive profiteering, loading of huge trade commission and promotional
costs. Apart from excessive pricing of patented drugs, MNC's have been also
claiming patent rights for products which are not actually new molecules. These
companies have been filing applications for patenting different forms of the
same drugs, like salt, polymorphs, analogues, crystalline and combinations with
other drugs.
Pharmaceutical companies spend huge amount
of money in research and development process to earn the better profit. Small or large pharmaceutical companies have
to face tough situation to keep maintain the quality of drugs which can get
seriously affected during the transportation from the factory to wholesalers,
distributor, retailer and finally to customer if they are carried in open
vehicles exposed to sunlight and humid weather. Constant exposure to
temperatures above 30 degree centigrade for a few days can substantially
degrade the antibiotics and vitamins. Transportation of all medicines has to
be, therefore, under refrigerated vehicles until they reached the patients or
the ultimate consumers. Ensuring safety of drugs in the market is the prime
responsibility of a regulatory authority in any country and India has been
striving to achieve this goal for some years now with not much success. Unsafe
and irrational drugs continue to be marketed in the country by both large and
small companies, which knowingly affect the end user health and life.
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