India's No.1 Fastest Growing Generic Medicine Franchise, an Omni-channel Retail Store With a Focus on Streamlining Manufacturing and Distribution. A One-Stop Destination for Delivery of Healthcare.
Generic Abhiyaan is continuously expanding its business on various fronts by appointing new franchises of Generic Abhiyaan Retail Pharmacy Stores. With a mission to establish 10,000+ registered stores across PAN India. Our vision is to make healthcare more accessible affordable and accountable, we are doing this by streamlining the delivery of healthcare at every step including launching massive programs for better pharmaceutical manufacturing and drug delivery models.
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Generic Medicine Franchisee
Simply speaking, generic medicines are medications developed to clone a medication that is already marketed brand name and has same dosage form, safety, strength, way of administration, quality, and intended use.
In India, the increasing cost of healthcare is the causative factor why people are going for generic medicines. In 2008, the Government of India, with the Department of Pharmaceuticals, began a new initiative, “Jan Aushadhi” (a Hindi word that means “Medicine for People”).
This program had a vision of making generic medicines available to general Indian population at a fair and affordable price with retail outlets’ setup, hence investing in Generic Abhiyaan franchisees is a highly profitable alternative as the central government is conducting many awareness programs to motivate people to choose generic medicines, which is going to be advantageous for all the franchisee owners.
But there are still queries regarding the use and advantages of generic medicines. Hence, we are here to address those queries.
FREQUENTLY ASKED QUESTIONS
Are generic medicines have the same degree of effectiveness as their counterpart branded medicines?
Yes, Generic medicines function in a way just like brand-name medicines. Hence it is not wrong to say that generic medicines are the ideal alternative for their brand-name equivalents. This is so as it is essential that the generic pharmacies undergo a series of strict tests of pre-approval by the FDA. The FDA also keeps a check on the active pharmaceutical ingredients and that they give the same effect like their brand-name equivalent while ascertaining its safety.
The FDA also makes sure that the manufacturing units and suppliers are adhering to the regulations about good manufacturing practices by performing timely checks.
What is the cause why generic medications and branded medications look different from each other?
The trade laws and branding reasons are the causes behind generic medicine pharmacies making generic drugs that are not in the same colour, taste, and shape. But it does not alter the use and advantages of the generic drugs as the active ingredients are same only the inactive ingredients are not the same.
Why is the cost of generic medicines lower than that of branded ones?
The price of a Generic drug is around 20 to 80 % less than that of its branded equivalent. The primary cause for this is that generic drug manufacturers do not invest as hugely as their counterpart brand names. It is not required by generic medicines pharmacies to invest in a distinct laboratory also the finance in the research and development department is not costly.
Is it always secure to substitute brand-name medicines for generic medicines?
Yes, generic medicines are always safe to use in place of brand-named counterparts as it is a reality that the active ingredients in a brand-name drug when compared to a generic drug are the same. Hence, ensuring that the generic medicine suppliers give similar use and advantages to the branded ones.
How to begin a generic medicine store? More particularly in the region of Maharashtra?
There are two options that an individual could begin a generic store, either by opening a medical store or by obtaining a generic medicine franchise. To start a generic medicine store in Maharashtra it is crucial that the applicant gets a government-approved Drug license. Moreover, giving blueprints of the location of the store to paying the Challan of the fee Necessary.
To acquire a generic medicine franchise:
It is important to know that a wholesale FDA drug license is present as well as a Pharmacist having a degree of either B.Pharm. / D.Pharm must be employed in the store or the franchise. To obtain the franchise it is also essential that a rented/owned warehouse of around 400 sq. ft along with an investment of Rs 12,00,000 is essential.