Loot by pharma companies
So a simple anti biotic ointment tube of 15 gms called T-Bact costs rupees 240. This is commonly prescribed by doctors to people if they have skin allergy/infection. Common people are unable to afford it.
Here is what all’s wrong:
The product is made by Glaxo smith kline a very large medical multinational
The company has India subsidiary, hires top notch India industrialists like Deepak Parekh on its board.
The company hires top lobbyists and PR firms.
The company sponsors nice bashes for doctors
Hefty commissions are distributed in the distribution chain
All kinds of dealings take place between area managers and dealers
Ultimately consumer ends up paying so much.
Question is - who is the regulator, do they intend to clean up or regulate this loot? Or why isnt an Indian alternative developed for such product? Would be curious to know costing for a tube of T-bact. Wont be surprised if its less than 50 (research and patent costs included) more
Here is what all’s wrong:
The product is made by Glaxo smith kline a very large medical multinational
The company has India subsidiary, hires top notch India industrialists like Deepak Parekh on its board.
The company hires top lobbyists and PR firms.
The company sponsors nice bashes for doctors
Hefty commissions are distributed in the distribution chain
All kinds of dealings take place between area managers and dealers
Ultimately consumer ends up paying so much.
Question is - who is the regulator, do they intend to clean up or regulate this loot? Or why isnt an Indian alternative developed for such product? Would be curious to know costing for a tube of T-bact. Wont be surprised if its less than 50 (research and patent costs included) more
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MRP of medicines are very very high.Govt agencies should involve themselves and take punitive/corrective measures. more
Sep 20
Sir, it seems govt.tried many times but have failed so now the pradhanmantri medicine shops n thru generic medicine shops they are selling most of the medicines at much cheaper rates. more
Sep 21
Use 1mg.com to find cheaper substitutes .... you may or may not get them at your Pharmacy, but if you're a regular user, its worth checking out ... https://www.1mg.com/drugs/pirocin-ointment-257244 https://www.1mg.com/drugs/bacticin-ointment-258882 more
Sep 19
MNCs are clear that nothing can go against them if the charge in multiple of the product cost. Public also pays without regret unilke farmer produce where even Rs. 5 extra/ kg pains them to the extent that lot of hue and cry on the issue. more
Sep 19
All are justified saying everything is fair in business. Not only Pharma, unethical business practices are part of any kind of business, not only in India but also in many other countries. Everybody is feeling the limits. Just like we are destroying the environment by being careless about a lot of things, in business too we are being unethical. Simply we do not think of consequences. more
Sep 18
