here in Pakistan , certain original drug formula is copied and that tablet or syrup is introduced in market with new name and low price !!! is it good to provide such high price medicines in low price with little modification in formula ?
Crystal Foretia
Jul 4, 2018What are your thoughts on this article? Source: http://thehill.com/policy/healthcare/395483-pfizer-hikes-prices-on-dozens-of-drugs
I think it is good since it gives poor people easier access to needed medication. Many brand name drugs have generic versions that are sold at a lower price. How would you define "high price medicines"? In America, pharmaceutical companies price-gouge their drugs to maximize profits, so my definition of high prices may be different from yours.
How drastically are the medicines modified? Sometimes slight modifications can have horrible consequences. Are the modifications regulated? Also are there patent laws in Pakistan?
yes that is what i am saying .... minute quantity modifications has many serious effects .... so the result is that these modified and cheaper medications don't work well and the patent get several doses to cure and complete the treatment instead having just 5 doses to kill the bacteria!!!
high priced medications here means that we import most of the drugs or the good global companies set here sell their best versions at high cost then the local companies copy their formula ,,, or sometimes these local companies are not licensed from government ,,, contemporary illegal .
I didn't think that minute modifications to the formula could have such an negative change on the quality of the medication. Has the Pakistan government cracked down on faulty imitations?
yes they locked down a few industries and companies like that ,,, but no serious cracked down has been seen ,,, because still i can see a variety of medicines like this ,,,, but now our government has passed a bill according to which every medicine shop must have a pharmacist to govern the regulation of medicines!