Pharma Inc in a huddle after fresh NMC norms
Business Standard|August 14, 2023
Says prescription of generic drugs could impact quality and patient safety
SOHINI DAS
Pharma Inc in a huddle after fresh NMC norms

With the National Medical Commission (NMC) making it mandatory for doctors to prescribe generic names for drugs, pharma industry groups are in a huddle over questions of quality and safety.

A senior executive of a prominent lobby group said the fresh regulations were being examined. "If doctors prescribe only generic molecule names, then there may be an issue with quality. With a branded generic there comes a quality assurance and thus this is critical for patient safety," the person said.

"There are over 10,000 manufacturers of medicines in the country, and not all of them follow the same quality guidelines. Therefore, with such a move, who takes responsibility for quality and patient safety will the doctor be accountable?" he added. Further, once the doctor prescribes the molecule name, the chemist will choose which brand to give the patient, said pharma industry insiders.

"Power thus shifts to chemists instead of doctors. Whichever company offers better incentives, the chemist would prefer it," the industry feared.

Esta historia es de la edición August 14, 2023 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición August 14, 2023 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS STANDARDVer todo
Blinken Urges Ceasefire In West Asia As Israel Bombs Lebanese Port City
Business Standard

Blinken Urges Ceasefire In West Asia As Israel Bombs Lebanese Port City

US Secretary of State Antony Blinken pushed on Wednesday for a halt to fighting between Israel and militant groups Hamas and Hezbollah, but heavy Israeli air strikes on a large historic Lebanese port city demonstrated that there was no respite.

time-read
1 min  |
October 24, 2024
Dialogue And Diplomacy Only Way Forward: Modi At BRICS
Business Standard

Dialogue And Diplomacy Only Way Forward: Modi At BRICS

India believes dialogue and diplomacy are the only way forward to resolve conflicts, Prime Minister Narendra Modi said at the 16th Brics Summit in Kazan on Wednesday.

time-read
1 min  |
October 24, 2024
Business Standard

IIFL Finance posts ₹93 crore net loss

IIFL Finance Ltd reported a consolidated net loss of 93 crore in the quarter ended September 2024 (Q2FY25) as the non-banking finance company (NBFC) made a 100-per cent provision of ₹586.5 crore for security receipts (SRS) in the quarter.

time-read
1 min  |
October 24, 2024
Business Standard

Shiv Sena, NCP release first list for Maha polls

The Shiv Sena and the Nationalist Congress Party (NCP) on Wednesday released their first list of candidates for the November 20 Maharashtra assembly polls.

time-read
1 min  |
October 24, 2024
Business Standard

AI: One earth, one regulatory ecosystem

Artificial Intelligence (AI) technologies, built on predictive and deterministic analysis of large data sets and patterns, transcend geographies.

time-read
3 minutos  |
October 24, 2024
Institutions for development
Business Standard

Institutions for development

Growth is driven by technological dynamism even more than by security for private capital

time-read
5 minutos  |
October 24, 2024
Business Standard

Arm Holdings to scrap Qualcomm chip design licence

Arm Holdings Plc is cancelling a licence that allowed longtime partner Qualcomm Inc to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology.

time-read
1 min  |
October 24, 2024
Business Standard

Tata AIG eyes 30% CAGR in retail health over 3 yrs

Tata AIG General Insurance on Wednesday said it is aiming to grow its retail health portfolio at a 30 per cent CAGR over the next three years, driven by the expansion of its distribution network and introduction of new riders.

time-read
1 min  |
October 24, 2024
Business Standard

Govt lifts curbs on rice exports; floor price for non-basmati scrapped

Lifting curbs on rice exports, the government on Wednesday removed the floor price for non-basmati rice shipments and exempted parboiled and husked (brown) rice from export duty.

time-read
1 min  |
October 24, 2024
Business Standard

Vedanta Resources raises $300 mn via tap option

Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has raised $300 million by exercising the tap option on the existing bond issue.

time-read
1 min  |
October 24, 2024