| Which of the following statements about generic drugs are correct? |
| 1. A generic drug is a pharmaceutical product that is manufactured without a license from the innovator company and marketed after the expiry date of the patent or other exclusive rights. |
| 2. Generic drugs are subject to the same regulations over manufacturing, packaging, testing and quality standards, as their patented / branded equivalent. |
| 3. Prices of the branded/patented drugs are generally quite high, due to the temporary monopoly over the product, bestowed by the patent. |
| 4. At 'Jan Aushadhi stores', where quality generic medicines, which are equivalent to the expensive branded drugs, in terms of their potency and efficacy are sold at cheaper prices. Select the correct answer using the codes given below. |
A) 1 and 2
B) 2 and 3
C) 1, 3 and 4
D) All of these
Correct Answer: D
Solution :
[d] All the given statements are correct. A generic drug is a pharmaceutical product, usually intended to be interchangeable with an innovator product,that is manufactured without a license from the innovator company and marketed after the expiry date of the patent or other exclusive rights. These drugs are subject to the same regulations over manufacturing, packaging, testing and quality standards, as their patented/branded equivalent. The prices of branded drugs is usually high because of monopol acquired through patent. The Government of India is taking fresh measures to bolster the Jan Aushadhi Campaign, as a Public Welfare Programme, to supply quality medicines at affordable prices to the common man through dedicated outlets. A key initiative under the campaign is opening of 'Jan Aushadhi Stores', where quality generic medicines, which are equivalent to the expensive branded drugs, in terms of their potency and efficacy, are sold at cheaper prices
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