Project Location | Matoshree Janhit Generic Medical at Aslpha Ghatkopar West; Maharashtra; India |
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Segment | Health Care Project |
Supported by | Matoshree Sevadham Arogya Seva Trust |
Project Name | Generic Medical |
Implementation Year | 2015 onwards |
Beneficiary | 3,00,000 + People |
Matoshree Sevadham Arogya Seva Trust is bounded by “Oath of Health Care”.
We established 2 generic medical centers at Ghatkopar in Mumbai in the year 2015.
Matoshree Janhit Generic medical at Ramabainagar, Ghatkopar East. We provided upto 30%to 80 % discount on medicine for poor and needy people.
We at Mast India, are committed to provide affordable as well as cheap medical facilities to the needy of the society, we under the Janhit scheme have collaborated with various Generic medicine brands and successfully opened up 22 Generic Medical Shop pan Mumbai.
As per FDA (Foodo and Drug Administration), the authority which is responsible for the evaluation of the drugs termed as Generic Medicine, according to FDA the studies has shown that both branded and generic medicines are bio-equivalent, the generic medicine have the same amount of pharmaceutical ingredients and adhere to the manufacturing practices requirement but differ in size, color and shape.
According to law, when a new medicine is manufactured and marketed, it is protected under a patent for a specific time period. Once the patent-protected time expires, the other company can manufacture and market the drug until the time it has the same active pharmaceutical ingredients similar to their branded counterparts. The generic drug is cheaper as the manufacturer did not incur any costs of the original research, testing and marketing similar to the branded drug manufacturer. Bio-equivalent tests are conducted for generic drugs to ensure and guarantee the bio-equivalence is the same as the branded medicine, it implies when two medicines are similar, they have a physiological action on the user.
Since India is considered to be the largest supplier of generic drugs across the world and the pharmaceutical industry, as per the survey conducted in 2014 by the National Sample Survey Office (NSSO) on healthcare shows the staggering number of 82% in urban and 86% of the rural population not covered under any scheme of health expenditure support.
On April 2017, the Medical Council of India released a notification which stated it is mandatory for the physicians to prescribe the drugs by using generic names.
Hence at Mast India, we have picked up the notion and started the spread of Generic Medical Shops as a cheaper substitute for branded medical products.
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