
Prime Minister’s call for generic medicines is of no use until maximum profit-margin is fixed: Many generic medicines are being sold at 1000-percent profit with lower quality
It refers to Prime Minister’s justified initiative to promote generic medicines which are supposed to be and should be much-much cheaper than branded medicines of same salt. But perhaps Prime Minister is not aware that promotion of generic medicines which presently have just 2-percent of the total market-share, may not benefit people with media-reports indicating a profit-margin of upto 1000-percent on generic medicines. Even practical experience reveals that even gap between printed Maximum-Retail-Price MRP and wholesale price of generic medicines has a huge gap providing 400-percent profit-margin over wholesale price.
A box of ten strips of ten capsules each of generic medicine Geomax-Plus even having fssai mark MRP printed at rupees 150 per strip with total rupees...